Corient Private Wealth LLC Sells 13,619 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Corient Private Wealth LLC cut its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 51.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,807 shares of the aerospace company's stock after selling 13,619 shares during the period. Corient Private Wealth LLC's holdings in Huntington Ingalls Industries were worth $2,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HII. EverSource Wealth Advisors LLC lifted its stake in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after buying an additional 131 shares in the last quarter. Truvestments Capital LLC bought a new position in Huntington Ingalls Industries in the 3rd quarter valued at about $42,000. Wingate Wealth Advisors Inc. acquired a new position in Huntington Ingalls Industries during the 4th quarter valued at about $48,000. Bruce G. Allen Investments LLC increased its holdings in Huntington Ingalls Industries by 43.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock worth $53,000 after purchasing an additional 85 shares in the last quarter. Finally, True Wealth Design LLC bought a new stake in Huntington Ingalls Industries during the 3rd quarter worth approximately $60,000. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on HII shares. Barclays cut their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group cut their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $221.22.

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Huntington Ingalls Industries Stock Performance

Shares of NYSE HII traded down $0.40 during mid-day trading on Thursday, reaching $202.87. 350,507 shares of the company's stock were exchanged, compared to its average volume of 466,497. The firm has a 50-day moving average price of $188.39 and a two-hundred day moving average price of $209.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $293.17.

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 the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.66%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.68%.

Insider Buying and Selling 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 acquired at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction 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 position. The disclosure for this sale can be found here. 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.