Fmr LLC Decreases Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

FMR LLC lowered its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,311,556 shares of the aerospace company's stock after selling 207,555 shares during the period. FMR LLC owned approximately 8.46% of Huntington Ingalls Industries worth $625,785,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HII. EverSource Wealth Advisors LLC boosted its stake in shares of Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Huntington Ingalls Industries during the fourth quarter valued at about $48,000. Bruce G. Allen Investments LLC grew its stake in shares of Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock valued at $53,000 after buying an additional 85 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Huntington Ingalls Industries by 156.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock worth $91,000 after buying an additional 294 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Huntington Ingalls Industries by 37.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company's stock valued at $101,000 after acquiring an additional 145 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

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Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII traded up $4.79 during mid-day trading on Monday, reaching $220.53. 297,202 shares of the company traded hands, compared to its average volume of 502,522. The company's 50 day moving average price is $187.89 and its 200-day moving average price is $203.12. The firm has a market cap of $8.65 billion, a PE ratio of 15.80, a PEG ratio of 1.15 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. 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 announced its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed 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 2.45%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries's payout ratio is currently 38.68%.

Insider Transactions at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares in the company, 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. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HII shares. Barclays cut their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group upgraded Huntington Ingalls Industries from a "sell" rating to a "buy" rating and raised their target price for the company from $145.00 to $234.00 in a research note on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Hold" and a consensus price target of $231.11.

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.