First Horizon Advisors Inc. Trims Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

First Horizon Advisors Inc. decreased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,741 shares of the aerospace company’s stock after selling 242 shares during the period. First Horizon Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $2,030,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HII. Northcape Wealth Management LLC acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $3,642,000. Stifel Financial Corp lifted its stake in shares of Huntington Ingalls Industries by 36.6% in the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock valued at $6,181,000 after purchasing an additional 6,253 shares during the last quarter. O Keefe Stevens Advisory Inc. grew its holdings in shares of Huntington Ingalls Industries by 63.0% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock worth $655,000 after purchasing an additional 1,339 shares during the period. JPMorgan Chase & Co. increased its position in shares of Huntington Ingalls Industries by 45.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after purchasing an additional 95,324 shares during the last quarter. Finally, Old North State Wealth Management LLC raised its holdings in Huntington Ingalls Industries by 60.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock valued at $3,122,000 after buying an additional 4,450 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Down 4.2 %

Huntington Ingalls Industries stock opened at $170.44 on Monday. The firm has a market capitalization of $6.67 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.15 and a beta of 0.57. The stock’s fifty day simple moving average is $188.08 and its 200-day simple moving average is $221.98. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $299.50. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly 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%. As a group, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.

Analyst Ratings Changes

Several research analysts have weighed in on HII shares. Barclays lowered their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research report on Friday, November 1st. Bank of America cut their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target for the company. in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $221.22.

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.