Ceredex Value Advisors LLC Has $10.30 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Ceredex Value Advisors LLC lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 54,515 shares of the aerospace company's stock after selling 1,550 shares during the quarter. Ceredex Value Advisors LLC owned about 0.14% of Huntington Ingalls Industries worth $10,302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in shares of Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after buying an additional 131 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth $48,000. Bruce G. Allen Investments LLC boosted its stake in 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 buying an additional 85 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in Huntington Ingalls Industries in the fourth quarter worth about $70,000. Finally, SRS Capital Advisors Inc. boosted its position in shares of Huntington Ingalls Industries by 156.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after purchasing an additional 294 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Insider Activity

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares of the company's stock, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the sale, the chief accounting officer now owns 2,884 shares of the company's stock, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and boosted their target price for the stock from $145.00 to $234.00 in a report on Friday, April 11th. Barclays cut their price objective on 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Hold" and an average price target of $231.11.

Huntington Ingalls Industries Stock Up 0.1 %

Shares of HII traded up $0.12 during mid-day trading on Tuesday, reaching $217.98. The company's stock had a trading volume of 141,345 shares, compared to its average volume of 767,863. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. The business has a fifty day moving average of $193.62 and a 200 day moving average of $201.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts' consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. As a group, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.48%. Huntington Ingalls Industries's payout ratio is 38.68%.

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.