Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,426,697 shares of the aerospace company’s stock after selling 351,513 shares during the quarter. Van ECK Associates Corp’s holdings in Huntington Ingalls Industries were worth $269,603,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HII. Northwest Investment Counselors LLC purchased a new position in shares of Huntington Ingalls Industries in the third quarter valued at approximately $40,000. Truvestments Capital LLC purchased a new position in Huntington Ingalls Industries in the 3rd quarter valued at $42,000. True Wealth Design LLC purchased a new position in Huntington Ingalls Industries in the 3rd quarter valued at $60,000. Wingate Wealth Advisors Inc. acquired a new stake in Huntington Ingalls Industries during the 4th quarter worth $48,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Huntington Ingalls Industries during the third quarter worth $68,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HII. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Barclays lowered their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday. Bank of America cut their price target 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. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $163.37 on Thursday. The business’s fifty day simple moving average is $191.27 and its 200-day simple moving average is $227.12. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The firm has a market cap of $6.39 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 15.14 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 3.31%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

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.