Envestnet Asset Management Inc. Trims Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Envestnet Asset Management Inc. lessened its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 40.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,804 shares of the aerospace company's stock after selling 52,431 shares during the quarter. Envestnet Asset Management Inc. owned about 0.20% of Huntington Ingalls Industries worth $14,514,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HII. EverSource Wealth Advisors LLC boosted its holdings 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 purchasing an additional 131 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $48,000. Bruce G. Allen Investments LLC boosted its position in shares of 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 during the period. SRS Capital Advisors Inc. increased its holdings in Huntington Ingalls Industries by 156.4% in 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 during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Huntington Ingalls Industries by 37.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company's stock valued at $101,000 after purchasing an additional 145 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the transaction, the director now directly owns 7,967 shares of the company's stock, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction on Thursday, March 6th. The shares were 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 in the company, 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. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

HII has been the topic of several research analyst reports. The Goldman Sachs Group upgraded Huntington Ingalls Industries from a "sell" rating to a "buy" rating and boosted their price objective for the company from $145.00 to $234.00 in a report on Friday, April 11th. Barclays cut their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $231.11.

Huntington Ingalls Industries Stock Down 0.3 %

Shares of Huntington Ingalls Industries stock traded down $0.75 on Tuesday, reaching $217.11. 871,293 shares of the company were exchanged, compared to its average volume of 514,553. 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 price is $194.74 and its 200-day moving average price is $201.42. The company has a market cap of $8.52 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued 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 return on equity of 12.81% and a net margin of 4.77%. As a group, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend 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.