HighTower Advisors LLC decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 59.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,327 shares of the aerospace company's stock after selling 10,674 shares during the quarter. HighTower Advisors LLC's holdings in Huntington Ingalls Industries were worth $1,942,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock valued at $455,222,000 after buying an additional 863,800 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company's stock valued at $180,458,000 after acquiring an additional 215,362 shares during the period. FMR LLC boosted its stake in shares of Huntington Ingalls Industries by 5.6% in the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company's stock valued at $930,383,000 after buying an additional 187,411 shares during the period. Diamond Hill Capital Management Inc. purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at about $47,698,000. Finally, American Century Companies Inc. boosted its stake in shares of Huntington Ingalls Industries by 42.1% in the 2nd quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company's stock valued at $116,706,000 after buying an additional 140,338 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. TD Cowen lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 target price on the stock. in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and boosted their target price for the company from $280.00 to $285.00 in a report on Monday, September 9th. StockNews.com downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Finally, Barclays decreased their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Hold" and an average price target of $228.89.
Check Out Our Latest Stock Report on HII
Insider Activity at Huntington Ingalls Industries
In related news, VP D R. Wyatt sold 400 shares of the stock in a transaction dated Monday, November 11th. The stock was 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 owns 19,627 shares of the company's stock, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.72% of the stock is currently owned by company insiders.
Huntington Ingalls Industries Price Performance
Shares of NYSE HII traded up $1.29 during trading on Friday, reaching $192.14. The company had a trading volume of 523,695 shares, compared to its average volume of 355,266. The stock has a market capitalization of $7.52 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.55. The stock has a 50-day moving average price of $217.57 and a two-hundred day moving average price of $245.32. Huntington Ingalls Industries, Inc. has a twelve month low of $184.29 and a twelve month high of $299.50. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the company earned $3.70 earnings per share. The business's revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 14.01 earnings per share for the current year.
Huntington Ingalls Industries Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $1.35 dividend. The ex-dividend date was Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.81%. This is an increase from Huntington Ingalls Industries's previous quarterly dividend of $1.30. Huntington Ingalls Industries's dividend payout ratio is currently 30.49%.
Huntington Ingalls Industries Profile
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Free Report)
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.
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