HB Wealth Management LLC Sells 339 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

HB Wealth Management LLC reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,441 shares of the aerospace company’s stock after selling 339 shares during the period. HB Wealth Management LLC’s holdings in Huntington Ingalls Industries were worth $272,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. grew its holdings in Huntington Ingalls Industries by 14.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 770 shares of the aerospace company’s stock worth $190,000 after acquiring an additional 100 shares during the period. ProShare Advisors LLC grew its holdings in Huntington Ingalls Industries by 15.7% during the 2nd quarter. ProShare Advisors LLC now owns 11,027 shares of the aerospace company’s stock worth $2,716,000 after acquiring an additional 1,498 shares during the period. 1832 Asset Management L.P. grew its holdings in Huntington Ingalls Industries by 17.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 5,360 shares of the aerospace company’s stock worth $1,320,000 after acquiring an additional 811 shares during the period. Public Sector Pension Investment Board grew its holdings in Huntington Ingalls Industries by 63.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 1,523 shares of the aerospace company’s stock worth $375,000 after acquiring an additional 592 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Huntington Ingalls Industries by 60.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,583 shares of the aerospace company’s stock worth $1,868,000 after acquiring an additional 2,857 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Price Performance

HII stock opened at $202.60 on Friday. The company has a market capitalization of $7.93 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 1.85 and a beta of 0.56. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50. The business has a 50-day simple moving average of $194.16 and a two-hundred day simple moving average of $234.29.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the business earned $3.70 EPS. Huntington Ingalls Industries’s quarterly revenue was down 2.4% compared to the same quarter last year. Research analysts expect that Huntington Ingalls Industries, Inc. will post 14 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.67%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 30.49%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a report on Thursday, October 10th. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Friday, November 1st. TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research note on Friday, November 1st. Bank of America reduced their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $228.89.

Insiders Place Their Bets

In related news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the sale, the vice president now owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

About Huntington Ingalls Industries

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.