BNP Paribas Financial Markets Sells 40,342 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

BNP Paribas Financial Markets cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 32.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,046 shares of the aerospace company's stock after selling 40,342 shares during the quarter. BNP Paribas Financial Markets owned 0.21% of Huntington Ingalls Industries worth $21,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $26,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth $29,000. Family Firm Inc. bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth $35,000. Rothschild Investment LLC bought a new position in Huntington Ingalls Industries during the second quarter valued at about $37,000. Finally, ORG Partners LLC grew its position in Huntington Ingalls Industries by 484.6% during the second quarter. ORG Partners LLC now owns 152 shares of the aerospace company's stock valued at $38,000 after buying an additional 126 shares during the period. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on HII shares. The Goldman Sachs Group dropped their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating on the stock in a report on Friday, November 1st. Vertical Research cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 price objective on the stock. in a research report on Thursday, October 10th. Bank of America reduced 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 research report on Wednesday, November 13th. TD Cowen cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 target price on the stock. in a report on Friday, November 1st. Finally, Barclays cut their target price on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. Two 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $228.89.

Huntington Ingalls Industries Stock Down 0.1 %

Huntington Ingalls Industries stock traded down $0.10 on Friday, hitting $197.92. 271,719 shares of the stock traded hands, compared to its average volume of 627,752. The business's fifty day simple moving average is $231.51 and its 200 day simple moving average is $249.73. The firm has a market cap of $7.74 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly 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). The firm had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. Huntington Ingalls Industries's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.70 EPS. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 14.51 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.73%. 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 29.36%.

Insider Activity at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by corporate insiders.

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.