Alliancebernstein L.P. Reduces Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Alliancebernstein L.P. decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 22.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,270 shares of the aerospace company's stock after selling 14,700 shares during the period. Alliancebernstein L.P. owned about 0.13% of Huntington Ingalls Industries worth $9,688,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Generali Asset Management SPA SGR purchased a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $2,056,000. Assetmark Inc. boosted its holdings in Huntington Ingalls Industries by 2,154.9% in the fourth 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 bought a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at $3,642,000. Stifel Financial Corp raised its position 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 worth $6,181,000 after purchasing an additional 6,253 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. boosted its stake in Huntington Ingalls Industries by 63.0% in 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 in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Remove Ads

Huntington Ingalls Industries Stock Performance

Shares of HII stock traded down $1.46 on Tuesday, reaching $218.49. The stock had a trading volume of 368,502 shares, compared to its average volume of 505,359. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The stock has a market cap of $8.57 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. 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 50 day simple moving average of $188.37 and a 200 day simple moving average of $202.82.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 EPS 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%. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.68%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HII. Barclays reduced their price objective 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. The Goldman Sachs Group raised shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and raised their price target for the company from $145.00 to $234.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $231.11.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of the business's 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 sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the business's stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, with a total value of $349,418.40. Following the acquisition, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. This 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.

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.