National Bank of Canada FI Sells 21,511 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

National Bank of Canada FI cut its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 51.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,004 shares of the aerospace company's stock after selling 21,511 shares during the quarter. National Bank of Canada FI owned 0.05% of Huntington Ingalls Industries worth $5,289,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 52.6% in the third quarter. EP Wealth Advisors LLC now owns 1,471 shares of the aerospace company's stock worth $389,000 after buying an additional 507 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in shares of Huntington Ingalls Industries by 251.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 5,861 shares of the aerospace company's stock worth $1,550,000 after purchasing an additional 4,193 shares during the period. Voya Financial Advisors Inc. grew its holdings in shares of Huntington Ingalls Industries by 2.9% during the 3rd 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 in the last quarter. Wellington Management Group LLP grew its position in 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 valued at $1,599,000 after acquiring an additional 406 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of Huntington Ingalls Industries by 36.6% during the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company's stock worth $6,181,000 after buying an additional 6,253 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Up 0.7 %

Shares of NYSE:HII traded up $1.29 during trading on Friday, hitting $192.14. The company's stock had a trading volume of 523,659 shares, compared to its average volume of 354,588. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The company has a market capitalization of $7.52 billion, a PE ratio of 10.78, a PEG ratio of 1.86 and a beta of 0.55. The stock's 50-day moving average price is $218.90 and its two-hundred day moving average price is $245.82.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the company posted $3.70 earnings per share. The company's revenue was down 2.4% on a year-over-year basis. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, November 29th. This is a positive change from Huntington Ingalls Industries's previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.81%. Huntington Ingalls Industries's payout ratio is 30.49%.

Insider Buying and Selling

In other news, VP D R. Wyatt sold 400 shares of the firm's stock in a transaction that occurred on 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 sale, the vice president now directly owns 19,627 shares of the company's stock, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on HII. Bank of America decreased their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a research note on Wednesday, November 13th. StockNews.com cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Wolfe Research cut shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. TD Cowen downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective for the company. in a report on Friday, November 1st. Finally, The Goldman Sachs Group lowered their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $228.89.

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.