Burney Co. Has $2.38 Million Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Burney Co. lowered its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 30.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,578 shares of the aerospace company's stock after selling 5,433 shares during the period. Burney Co.'s holdings in Huntington Ingalls Industries were worth $2,377,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC acquired a new stake in Huntington Ingalls Industries in the third quarter worth $40,000. Truvestments Capital LLC bought a new stake in Huntington Ingalls Industries in the third quarter valued at $42,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock valued at $53,000 after acquiring an additional 85 shares during the period. Finally, True Wealth Design LLC acquired a new position in shares of Huntington Ingalls Industries during the third quarter valued at $60,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HII has been the topic of several recent research reports. StockNews.com downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Alembic Global Advisors cut Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price target on the stock. in a report on Friday, November 1st. Vertical Research lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 price objective for the company. in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Finally, Barclays decreased their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of "Hold" and an average price target of $228.89.

Insider Buying and Selling

In related news, VP D R. Wyatt sold 400 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were 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 of the company's stock, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Price Performance

Shares of HII traded up $2.26 during midday trading on Thursday, reaching $200.96. The stock had a trading volume of 411,136 shares, compared to its average volume of 405,804. The firm's 50 day moving average price is $193.72 and its 200-day moving average price is $236.25. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. The company has a market capitalization of $7.86 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.71 and a beta of 0.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. Huntington Ingalls Industries's revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.70 earnings per share. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post 14.05 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from Huntington Ingalls Industries's previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. Huntington Ingalls Industries's payout ratio is presently 30.49%.

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.