Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Position Decreased by abrdn plc

abrdn plc reduced its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 35.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,414 shares of the aerospace company's stock after selling 5,169 shares during the period. abrdn plc's holdings in Huntington Ingalls Industries were worth $1,777,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp boosted its stake in shares of Huntington Ingalls Industries by 1.7% during the 2nd quarter. Truist Financial Corp now owns 4,620 shares of the aerospace company's stock worth $1,138,000 after purchasing an additional 78 shares during the last quarter. GAMMA Investing LLC boosted its position in Huntington Ingalls Industries by 17.8% during the third quarter. GAMMA Investing LLC now owns 377 shares of the aerospace company's stock worth $100,000 after acquiring an additional 57 shares during the last quarter. CWM LLC boosted its position in Huntington Ingalls Industries by 142.8% during the third quarter. CWM LLC now owns 5,251 shares of the aerospace company's stock worth $1,388,000 after acquiring an additional 3,088 shares during the last quarter. Ritholtz Wealth Management boosted its position in Huntington Ingalls Industries by 25.6% during the third quarter. Ritholtz Wealth Management now owns 4,120 shares of the aerospace company's stock worth $1,089,000 after acquiring an additional 840 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Huntington Ingalls Industries during the third quarter worth approximately $102,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 0.4 %

HII stock traded up $0.68 during trading on Friday, reaching $161.50. The stock had a trading volume of 847,960 shares, compared to its average volume of 612,433. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $299.50. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $6.32 billion, a P/E ratio of 11.57, a PEG ratio of 1.43 and a beta of 0.57. The firm has a fifty day moving average price of $190.18 and a 200 day moving average price of $225.86.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results 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%. On average, equities analysts anticipate 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. Stockholders of record on Friday, February 28th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.34%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.68%.

Insider Activity

In related news, Director Thomas C. Schievelbein bought 2,120 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now owns 7,967 shares in the company, valued at $1,313,120.94. This trade represents a 36.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

HII has been the topic of a number of research analyst reports. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price target on the stock. in a report on Friday, November 1st. Bank of America decreased their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft decreased 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 report on Friday, November 1st. StockNews.com lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Finally, TD Cowen lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price target on the stock. in a report 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 stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.