Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Aviva PLC

Aviva PLC decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 76.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,607 shares of the aerospace company's stock after selling 78,800 shares during the period. Aviva PLC owned about 0.06% of Huntington Ingalls Industries worth $4,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Generali Asset Management SPA SGR bought a new position in Huntington Ingalls Industries during the 4th quarter worth approximately $2,056,000. Assetmark Inc. lifted 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 valued at $1,474,000 after buying an additional 7,456 shares during the period. Northcape Wealth Management LLC bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at $3,642,000. Stifel Financial Corp grew its holdings in Huntington Ingalls Industries by 36.6% during the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company's stock worth $6,181,000 after acquiring an additional 6,253 shares during the period. Finally, O Keefe Stevens Advisory Inc. raised its position in shares of 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 acquiring an additional 1,339 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of research firms have issued reports on HII. The Goldman Sachs Group upgraded Huntington Ingalls Industries from a "sell" rating to a "buy" rating and increased their price target for the stock from $145.00 to $234.00 in a report on Friday. Barclays cut their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. One 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 company. Based on data from MarketBeat, Huntington Ingalls Industries has a consensus rating of "Hold" and an average target price of $231.11.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock traded down $1.00 during midday trading on Tuesday, hitting $218.95. The stock had a trading volume of 199,608 shares, compared to its average volume of 504,655. 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 52-week low of $158.88 and a 52-week high of $285.81. The firm's fifty day moving average is $188.37 and its two-hundred day moving average is $202.82. The company has a market capitalization of $8.59 billion, a PE ratio of 15.68, a P/E/G ratio of 1.15 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced 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 net margin of 4.77% and a return on equity of 12.81%. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company 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. This represents a $5.40 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries's 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 stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the acquisition, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction on Thursday, March 6th. The shares were 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 approximately $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.