Van ECK Associates Corp Has $269.60 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Van ECK Associates Corp trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 19.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,426,697 shares of the aerospace company's stock after selling 351,513 shares during the period. Van ECK Associates Corp owned 3.65% of Huntington Ingalls Industries worth $269,603,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HII. Stifel Financial Corp lifted 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 worth $6,181,000 after acquiring an additional 6,253 shares during the period. CWM LLC grew its position in shares of Huntington Ingalls Industries by 142.8% during the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company's stock worth $1,388,000 after buying an additional 3,088 shares during the period. O Keefe Stevens Advisory Inc. grew its position in shares of Huntington Ingalls Industries by 63.0% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock worth $655,000 after buying an additional 1,339 shares during the period. JPMorgan Chase & Co. grew its holdings in Huntington Ingalls Industries by 45.3% during 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 period. Finally, Old North State Wealth Management LLC grew its holdings in Huntington Ingalls Industries by 60.6% during the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company's stock valued at $3,122,000 after purchasing an additional 4,450 shares during the period. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on HII. TD Cowen lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective on the stock. in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group decreased their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a research note on Monday, February 10th. Barclays reduced their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Finally, StockNews.com cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $221.22.

Insider Activity at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Up 0.4 %

Shares of NYSE HII traded up $0.68 during trading on Friday, reaching $161.50. The company had a trading volume of 847,960 shares, compared to its average volume of 546,445. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $299.50. The stock has a market cap of $6.32 billion, a PE ratio of 11.57, a P/E/G ratio of 1.43 and a beta of 0.57. The business's 50-day moving average is $190.18 and its 200 day moving average is $225.48.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted 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 return on equity of 12.81% and a net margin of 4.77%. As a group, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 15.14 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 3.34%. Huntington Ingalls Industries's payout ratio is 38.68%.

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.