Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 435,665 shares of the aerospace company’s stock after selling 31,898 shares during the period. First Trust Advisors LP owned approximately 1.11% of Huntington Ingalls Industries worth $82,328,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HII. Barclays PLC boosted its holdings in Huntington Ingalls Industries by 54.1% in the third quarter. Barclays PLC now owns 137,004 shares of the aerospace company’s stock valued at $36,221,000 after acquiring an additional 48,113 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at about $1,838,000. Fulcrum Equity Management grew its holdings in shares of Huntington Ingalls Industries by 3.9% during the 3rd quarter. Fulcrum Equity Management now owns 2,114 shares of the aerospace company’s stock worth $559,000 after purchasing an additional 79 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Huntington Ingalls Industries in the third quarter valued at approximately $153,000. Finally, Tidal Investments LLC lifted its position in Huntington Ingalls Industries by 17.8% during the third quarter. Tidal Investments LLC now owns 2,040 shares of the aerospace company’s stock valued at $539,000 after buying an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.6 %

HII stock opened at $218.18 on Tuesday. The company has a market capitalization of $8.56 billion, a P/E ratio of 15.63, a PEG ratio of 1.15 and a beta of 0.34. The firm has a 50 day simple moving average of $193.62 and a 200-day simple moving average of $201.31. 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 twelve month low of $158.88 and a twelve month high of $285.81.

Huntington Ingalls Industries (NYSE:HII) last released 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%. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is presently 38.68%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HII. The Goldman Sachs Group raised shares of Huntington Ingalls Industries from a “sell” rating to a “buy” rating and raised their target price for the company from $145.00 to $234.00 in a research note on Friday, April 11th. 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 research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $231.11.

Insider Transactions at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now owns 2,884 shares in the company, valued at $546,691.04. The trade was a 20.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas C. Schievelbein bought 2,120 shares of Huntington Ingalls Industries stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.