Alliancebernstein L.P. Sells 14,700 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Alliancebernstein L.P. lessened its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 22.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,270 shares of the aerospace company’s stock after selling 14,700 shares during the quarter. Alliancebernstein L.P.’s holdings in Huntington Ingalls Industries were worth $9,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Generali Asset Management SPA SGR bought a new position in shares of Huntington Ingalls Industries in the fourth quarter worth about $2,056,000. Assetmark Inc. grew its stake in Huntington Ingalls Industries by 2,154.9% in the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock worth $1,474,000 after acquiring an additional 7,456 shares in the last quarter. Northcape Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $3,642,000. Stifel Financial Corp raised its stake in shares of Huntington Ingalls Industries by 36.6% during the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock valued at $6,181,000 after acquiring an additional 6,253 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. boosted its holdings in shares of Huntington Ingalls Industries by 63.0% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock valued at $655,000 after purchasing an additional 1,339 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on HII. Barclays reduced their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group dropped their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $221.22.

Insider Activity

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the 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 acquisition, the director now owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Up 0.4 %

Shares of NYSE HII opened at $200.92 on Friday. The stock has a market capitalization of $7.88 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. 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, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The stock’s fifty day simple moving average is $187.48 and its two-hundred day simple moving average is $203.80.

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 analysts’ consensus estimates 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, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s payout ratio is presently 38.68%.

Huntington Ingalls Industries 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.