Amalgamated Bank Sells 5,120 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Amalgamated Bank lessened its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 39.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,733 shares of the aerospace company's stock after selling 5,120 shares during the quarter. Amalgamated Bank's holdings in Huntington Ingalls Industries were worth $2,044,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in Huntington Ingalls Industries in the first quarter valued at about $504,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of Huntington Ingalls Industries by 22.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,280 shares of the aerospace company's stock valued at $664,000 after acquiring an additional 420 shares during the period. Empowered Funds LLC purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at about $318,000. Verus Capital Partners LLC bought a new stake in Huntington Ingalls Industries during the first quarter valued at about $222,000. Finally, Inspire Advisors LLC bought a new stake in Huntington Ingalls Industries during the first quarter valued at about $249,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

HII stock traded down $2.01 during midday trading on Tuesday, hitting $204.62. 247,003 shares of the stock traded hands, compared to its average volume of 332,189. The firm has a market cap of $8.01 billion, a P/E ratio of 11.75, a PEG ratio of 1.70 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The stock's fifty day simple moving average is $250.87 and its 200-day simple moving average is $255.63. Huntington Ingalls Industries, Inc. has a 1-year low of $184.29 and a 1-year high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the firm earned $3.70 earnings per share. The business's revenue for the quarter was down 2.4% compared to the same quarter last year. On average, analysts expect that Huntington Ingalls Industries, Inc. will post 15.63 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Huntington Ingalls Industries's previous quarterly dividend of $1.30. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 30.49%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HII shares. TD Cowen downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price target on the stock. in a research note on Friday, November 1st. Wolfe Research lowered Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. The Goldman Sachs Group decreased their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating for the company in a research note on Friday, November 1st. Barclays reduced their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Finally, StockNews.com lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and a consensus price target of $233.13.

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.