Swiss National Bank Decreases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Swiss National Bank lowered its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,200 shares of the aerospace company's stock after selling 16,000 shares during the quarter. Swiss National Bank owned about 0.26% of Huntington Ingalls Industries worth $19,124,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in Huntington Ingalls Industries in the 3rd quarter worth $42,000. EverSource Wealth Advisors LLC lifted its stake in Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after purchasing an additional 131 shares in the last quarter. True Wealth Design LLC purchased a new stake in Huntington Ingalls Industries in the 3rd quarter worth $60,000. Wingate Wealth Advisors Inc. purchased a new stake in Huntington Ingalls Industries in the 4th quarter worth $48,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Huntington Ingalls Industries in the 3rd quarter worth $70,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

HII has been the topic of several recent research reports. Barclays decreased their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group decreased their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a research 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 issued a buy rating to the stock. According to MarketBeat, Huntington Ingalls Industries has an average rating of "Hold" and a consensus price target of $221.22.

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Insider Activity at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction 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 $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas C. Schievelbein bought 2,120 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now directly owns 7,967 shares of the company's stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Down 0.1 %

Shares of NYSE HII traded down $0.25 during midday trading on Friday, reaching $201.46. 1,446,109 shares of the company's stock traded hands, compared to its average volume of 464,350. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The stock's 50 day simple moving average is $187.89 and its 200-day simple moving average is $211.29. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $294.79. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data 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%. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.35 per share. The ex-dividend date was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.68%. Huntington Ingalls Industries's payout ratio is 38.68%.

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.