Huntington Ingalls Industries, Inc. (NYSE:HII) Holdings Reduced by Byrne Asset Management LLC

Byrne Asset Management LLC lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 12.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,812 shares of the aerospace company’s stock after selling 391 shares during the quarter. Byrne Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HII. Rosenberg Matthew Hamilton grew its position in Huntington Ingalls Industries by 8.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock worth $139,000 after purchasing an additional 40 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Huntington Ingalls Industries by 1.4% in the third quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock worth $939,000 after buying an additional 48 shares during the period. Yousif Capital Management LLC boosted its position in shares of Huntington Ingalls Industries by 1.6% in the fourth quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock worth $610,000 after buying an additional 52 shares during the period. Inscription Capital LLC grew its holdings in shares of Huntington Ingalls Industries by 4.4% during the third quarter. Inscription Capital LLC now owns 1,310 shares of the aerospace company’s stock valued at $346,000 after buying an additional 55 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Huntington Ingalls Industries by 17.8% during the third quarter. GAMMA Investing LLC now owns 377 shares of the aerospace company’s stock valued at $100,000 after buying an additional 57 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Alembic Global Advisors cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Friday, November 1st. TD Cowen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of 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. The Goldman Sachs Group lowered their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Finally, Bank of America cut their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $228.89.

Insider Buying and Selling 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 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 directly owns 19,627 shares in the company, 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 SEC, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

HII opened at $168.67 on Friday. The stock has a 50-day moving average of $192.86 and a 200-day moving average of $229.59. 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 $158.88 and a 52-week high of $299.50. The company has a market cap of $6.60 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 1.77 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. As a group, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 14.09 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 3.20%. Huntington Ingalls Industries’s payout ratio is 30.49%.

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.