First National Trust Co Has $446,000 Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

First National Trust Co trimmed its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 87.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,358 shares of the aerospace company's stock after selling 16,249 shares during the period. First National Trust Co's holdings in Huntington Ingalls Industries were worth $446,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Assetmark Inc. boosted its stake in Huntington Ingalls Industries by 316.9% in the 3rd quarter. Assetmark Inc. now owns 346 shares of the aerospace company's stock valued at $91,000 after buying an additional 263 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Huntington Ingalls Industries by 16.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,097 shares of the aerospace company's stock valued at $290,000 after purchasing an additional 152 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Huntington Ingalls Industries by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 97,456 shares of the aerospace company's stock worth $25,765,000 after purchasing an additional 2,149 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Huntington Ingalls Industries by 1.9% during the 3rd quarter. Victory Capital Management Inc. now owns 29,748 shares of the aerospace company's stock worth $7,865,000 after purchasing an additional 561 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Huntington Ingalls Industries by 7.8% during the 3rd quarter. CIBC Asset Management Inc now owns 5,753 shares of the aerospace company's stock valued at $1,521,000 after purchasing an additional 414 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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Huntington Ingalls Industries Trading Down 2.8 %

NYSE:HII traded down $5.82 during trading hours on Thursday, hitting $201.61. 650,623 shares of the stock were exchanged, compared to its average volume of 459,235. The company's 50 day moving average is $187.42 and its two-hundred day moving average is $211.92. The company has a market capitalization of $7.91 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $294.81. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 2.68%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio is 38.68%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now directly owns 2,884 shares of the company's stock, valued at $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the acquisition, the director now directly owns 7,967 shares of the company's stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by 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.