Amundi Reduces Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Amundi reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 31.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,326 shares of the aerospace company's stock after selling 9,990 shares during the period. Amundi owned approximately 0.05% of Huntington Ingalls Industries worth $4,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. lifted its stake in shares of Huntington Ingalls Industries by 2,154.9% during the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock worth $1,474,000 after buying an additional 7,456 shares during the period. Northcape Wealth Management LLC acquired a new position in Huntington Ingalls Industries during the fourth quarter valued at $3,642,000. Stifel Financial Corp lifted its position in 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 purchasing an additional 6,253 shares during the period. O Keefe Stevens Advisory Inc. lifted its position in Huntington Ingalls Industries by 63.0% during 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. Finally, JPMorgan Chase & Co. lifted its position in Huntington Ingalls Industries by 45.3% during the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company's stock valued at $80,886,000 after purchasing an additional 95,324 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

HII has been the subject of a number of research reports. The Goldman Sachs Group decreased their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a research report on Monday, February 10th. Barclays decreased their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $221.22.

Huntington Ingalls Industries Stock Performance

HII traded down $5.82 on Thursday, reaching $201.61. The stock had a trading volume of 650,469 shares, compared to its average volume of 459,235. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $294.81. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The business's 50-day moving average price is $187.42 and its two-hundred day moving average price is $211.92. The company has a market cap of $7.91 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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%. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.68%. Huntington Ingalls Industries's dividend payout ratio is currently 38.68%.

Insider Transactions at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein bought 2,120 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price 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 of the company's stock, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares of the company's stock, valued at $546,691.04. This represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.

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.