MassMutual Private Wealth & Trust FSB Lowers Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

MassMutual Private Wealth & Trust FSB trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 12.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 425 shares of the aerospace company’s stock after selling 61 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Huntington Ingalls Industries were worth $80,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HII. Kathleen S. Wright Associates Inc. purchased a new stake in Huntington Ingalls Industries during the 3rd quarter valued at approximately $29,000. Northwest Investment Counselors LLC purchased a new stake in shares of Huntington Ingalls Industries during the third quarter worth approximately $40,000. Truvestments Capital LLC purchased a new stake in shares of Huntington Ingalls Industries during the third quarter worth approximately $42,000. True Wealth Design LLC purchased a new position in Huntington Ingalls Industries in the 3rd quarter valued at $60,000. Finally, Capital Performance Advisors LLP acquired a new position in Huntington Ingalls Industries in the 3rd quarter valued at $68,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now directly owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

HII has been the subject of several recent analyst reports. Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a research note on Thursday, October 10th. Bank of America lowered their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. The Goldman Sachs Group cut their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, Alembic Global Advisors cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $228.89.

Huntington Ingalls Industries Trading Down 0.5 %

NYSE:HII opened at $204.16 on Friday. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $193.97 and a 200-day simple moving average of $234.57. The company has a market capitalization of $7.99 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.88 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.70 EPS. On average, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 14 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $1.35 per share. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, November 29th. This represents a $5.40 annualized dividend and a yield of 2.65%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.