Invesco Ltd. Sells 132,687 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Invesco Ltd. trimmed its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 8.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,369,171 shares of the aerospace company's stock after selling 132,687 shares during the quarter. Invesco Ltd. owned about 3.50% of Huntington Ingalls Industries worth $258,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HII. Janus Henderson Group PLC lifted its position in Huntington Ingalls Industries by 3.5% in the 3rd quarter. Janus Henderson Group PLC now owns 6,069 shares of the aerospace company's stock valued at $1,604,000 after acquiring an additional 207 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Huntington Ingalls Industries by 36.6% during the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company's stock valued at $6,181,000 after acquiring an additional 6,253 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Huntington Ingalls Industries by 7.2% in the third quarter. Wellington Management Group LLP now owns 6,050 shares of the aerospace company's stock worth $1,599,000 after acquiring an additional 406 shares during the period. EP Wealth Advisors LLC lifted its position in Huntington Ingalls Industries by 52.6% during the third quarter. EP Wealth Advisors LLC now owns 1,471 shares of the aerospace company's stock valued at $389,000 after purchasing an additional 507 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in Huntington Ingalls Industries by 14.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,913 shares of the aerospace company's stock worth $1,299,000 after purchasing an additional 636 shares during the period. 90.46% of the stock is currently owned by institutional investors.

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Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the business's 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 sale, the chief accounting officer now owns 2,884 shares in the company, valued at $546,691.04. The trade was a 20.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, with a total value of $349,418.40. Following the transaction, 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.

Huntington Ingalls Industries Price Performance

Shares of HII stock traded down $2.12 on Tuesday, hitting $217.84. 453,350 shares of the stock traded hands, compared to its average volume of 505,796. 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, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The firm has a 50 day simple moving average of $188.37 and a two-hundred day simple moving average of $202.82. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.15 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 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%. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share 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 2.48%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's payout ratio is currently 38.68%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays reduced their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and boosted their target price for the company from $145.00 to $234.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $231.11.

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.