Herbst Group LLC Sells 5,296 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Herbst Group LLC trimmed its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 68.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,404 shares of the aerospace company's stock after selling 5,296 shares during the period. Herbst Group LLC's holdings in Huntington Ingalls Industries were worth $454,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale grew its position in Huntington Ingalls Industries by 4.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,308 shares of the aerospace company's stock worth $552,000 after acquiring an additional 103 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Huntington Ingalls Industries by 48.7% in the second quarter. Federated Hermes Inc. now owns 406 shares of the aerospace company's stock worth $100,000 after purchasing an additional 133 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Huntington Ingalls Industries by 30.5% in the second quarter. Envestnet Asset Management Inc. now owns 124,565 shares of the aerospace company's stock worth $30,684,000 after buying an additional 29,091 shares during the period. Dimensional Fund Advisors LP raised its holdings in Huntington Ingalls Industries by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company's stock valued at $123,771,000 after buying an additional 13,439 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Huntington Ingalls Industries by 51.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,808 shares of the aerospace company's stock valued at $1,677,000 after buying an additional 2,315 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Up 0.8 %

Shares of HII stock traded up $1.56 during mid-day trading on Friday, reaching $202.58. 640,650 shares of the company's stock traded hands, compared to its average volume of 505,985. The company's 50-day moving average price is $193.77 and its 200-day moving average price is $235.61. The company has a market cap of $7.93 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.71 and a beta of 0.56. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm earned $3.70 EPS. The company's revenue was down 2.4% on a year-over-year basis. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 14.05 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Friday, November 29th. This is a positive change from Huntington Ingalls Industries's previous quarterly dividend of $1.30. Huntington Ingalls Industries's dividend payout ratio (DPR) is 30.49%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the transaction, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on HII shares. Barclays decreased their price objective on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Alembic Global Advisors downgraded Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price target on the stock. in a report on Friday, November 1st. The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating for the company in a report on Friday, November 1st. Wolfe Research cut Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 10th. Finally, TD Cowen lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price target for the company. in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of "Hold" and an average target price of $228.89.

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.