American Century Companies Inc. Sells 254,489 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

American Century Companies Inc. trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 65.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,146 shares of the aerospace company's stock after selling 254,489 shares during the quarter. American Century Companies Inc. owned 0.35% of Huntington Ingalls Industries worth $25,917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in HII. Yousif Capital Management LLC boosted its holdings in Huntington Ingalls Industries by 1.6% during the fourth quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company's stock worth $610,000 after buying an additional 52 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Huntington Ingalls Industries by 0.6% during the 3rd quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company's stock valued at $3,004,000 after acquiring an additional 71 shares during the last quarter. 1834 Investment Advisors Co. grew its holdings in shares of Huntington Ingalls Industries by 3.9% in the 4th quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company's stock worth $365,000 after acquiring an additional 73 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Huntington Ingalls Industries by 1.5% in the 4th quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company's stock worth $989,000 after acquiring an additional 75 shares during the last quarter. Finally, Voya Financial Advisors Inc. raised its position in shares of Huntington Ingalls Industries by 2.9% during the third quarter. Voya Financial Advisors Inc. now owns 2,800 shares of the aerospace company's stock worth $737,000 after purchasing an additional 79 shares during the period. Institutional investors own 90.46% of the company's stock.

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Huntington Ingalls Industries Stock Down 3.2 %

Shares of HII stock traded down $6.62 during trading on Thursday, hitting $198.32. 150,286 shares of the company were exchanged, compared to its average volume of 485,249. The business's 50-day simple moving average is $188.38 and its 200 day simple moving average is $207.45. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $289.26. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 1.15 and a beta of 0.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08.

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

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.72%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 38.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group decreased their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a research report on Monday, February 10th. Barclays decreased their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Hold" and an average target price of $221.22.

Insiders Place Their Bets

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

About Huntington Ingalls Industries

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.