Tredje AP fonden Decreases Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Tredje AP fonden lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 50.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,107 shares of the aerospace company's stock after selling 3,107 shares during the period. Tredje AP fonden's holdings in Huntington Ingalls Industries were worth $587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. River Road Asset Management LLC purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter worth about $65,215,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $36,191,000. FMR LLC grew its position in shares of Huntington Ingalls Industries by 5.6% in the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company's stock valued at $930,383,000 after purchasing an additional 187,411 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $27,881,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Huntington Ingalls Industries by 45.3% in the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company's stock valued at $80,886,000 after purchasing an additional 95,324 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group dropped their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a report on Monday, February 10th. Barclays cut their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $221.22.

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Huntington Ingalls Industries Trading Down 0.5 %

Shares of NYSE:HII traded down $1.10 during mid-day trading on Wednesday, reaching $207.47. 518,733 shares of the company were exchanged, compared to its average volume of 457,907. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 14.86, 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 current ratio of 1.08 and a quick ratio of 1.01. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $294.81. The firm's 50-day simple moving average is $187.06 and its 200 day simple moving average is $211.96.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (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%. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries's payout ratio is currently 38.68%.

Insiders Place Their Bets

In other news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas C. Schievelbein bought 2,120 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares in the company, valued at $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. 0.72% of the stock is owned by company insiders.

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.