Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 356,316 shares of the aerospace company's stock after selling 23,225 shares during the period. Charles Schwab Investment Management Inc. owned about 0.91% of Huntington Ingalls Industries worth $94,203,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HII. CWM LLC increased its holdings in shares of Huntington Ingalls Industries by 142.8% in the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company's stock valued at $1,388,000 after acquiring an additional 3,088 shares during the period. SteelPeak Wealth LLC acquired a new position in Huntington Ingalls Industries in the second quarter valued at $1,769,000. Old North State Wealth Management LLC raised its holdings in shares of Huntington Ingalls Industries by 60.6% in the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company's stock valued at $3,122,000 after buying an additional 4,450 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in shares of Huntington Ingalls Industries during the third quarter worth about $47,698,000. Finally, Virtu Financial LLC purchased a new position in shares of Huntington Ingalls Industries during the first quarter worth about $1,821,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP D R. Wyatt sold 400 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction 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 $4,028,245.48. This represents a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock traded up $1.35 on Wednesday, hitting $199.33. The company's stock had a trading volume of 595,564 shares, compared to its average volume of 345,190. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average price of $235.67 and a 200-day moving average price of $250.84. The company has a market capitalization of $7.80 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.84 by ($1.28). The firm had revenue of $2.75 billion during 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% on a year-over-year basis. During the same quarter last year, the company posted $3.70 earnings per share. On average, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 14.63 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.71%. This is an increase from Huntington Ingalls Industries's previous quarterly dividend of $1.30. Huntington Ingalls Industries's dividend payout ratio is currently 29.36%.

Analysts Set New Price Targets

HII has been the subject of several analyst reports. Barclays cut 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. Vertical Research downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 price objective for the company. in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating for the company in a research note on Friday, November 1st. StockNews.com lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Finally, Bank of America cut their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a report on Wednesday, November 13th. 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 stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and an average price target of $228.89.

Huntington Ingalls Industries Company 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.