Cerity Partners LLC Has $788,000 Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Cerity Partners LLC reduced its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 60.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,168 shares of the aerospace company's stock after selling 6,274 shares during the period. Cerity Partners LLC's holdings in Huntington Ingalls Industries were worth $788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. River Road Asset Management LLC acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $65,215,000. Diamond Hill Capital Management Inc. increased its stake in shares of Huntington Ingalls Industries by 132.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock valued at $79,387,000 after acquiring an additional 239,688 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at about $36,191,000. Raymond James Financial Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $27,881,000. Finally, Sei Investments Co. boosted its stake in Huntington Ingalls Industries by 32.4% during the 4th quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company's stock worth $84,269,000 after acquiring an additional 109,134 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein acquired 2,120 shares of the company's stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, for a total transaction 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 represents a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the transaction, the chief accounting officer now owns 2,884 shares of the company's stock, valued at $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HII shares. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and increased their target price for the stock from $145.00 to $234.00 in a report on Friday, April 11th. Barclays decreased 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Huntington Ingalls Industries presently has a consensus rating of "Hold" and a consensus price target of $231.11.

Huntington Ingalls Industries Stock Up 0.9 %

HII traded up $1.95 during trading hours on Thursday, hitting $219.88. 138,735 shares of the company's stock were exchanged, compared to its average volume of 769,207. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The stock's 50-day moving average is $195.87 and its two-hundred day moving average is $201.53. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.15 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data 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%. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) 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.