Parkside Financial Bank & Trust Has $30,000 Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Parkside Financial Bank & Trust cut its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161 shares of the aerospace company’s stock after selling 74 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Huntington Ingalls Industries were worth $30,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of HII. Truvestments Capital LLC bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth about $42,000. Wingate Wealth Advisors Inc. acquired a new position in Huntington Ingalls Industries during the 4th quarter worth approximately $48,000. Bruce G. Allen Investments LLC boosted its holdings in Huntington Ingalls Industries by 43.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 85 shares in the last quarter. True Wealth Design LLC acquired a new stake in Huntington Ingalls Industries in the third quarter valued at approximately $60,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $68,000. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Trading Down 1.7 %

Shares of HII stock opened at $172.54 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.15 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. The company has a 50-day simple moving average of $185.79 and a two-hundred day simple moving average of $218.19.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 3.13%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

Analyst Upgrades and Downgrades

HII has been the topic of a number of recent research reports. The Goldman Sachs Group cut their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. Bank of America dropped their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. Finally, Barclays decreased 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 report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $221.22.

Insiders Place Their Bets

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.