Virtu Financial LLC Sells 2,321 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Virtu Financial LLC lowered its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 33.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,631 shares of the aerospace company's stock after selling 2,321 shares during the quarter. Virtu Financial LLC's holdings in Huntington Ingalls Industries were worth $875,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of 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 acquiring an additional 131 shares during the period. Truvestments Capital LLC bought a new stake in Huntington Ingalls Industries during the third quarter worth approximately $42,000. Wingate Wealth Advisors Inc. acquired a new stake in Huntington Ingalls Industries in the fourth quarter worth approximately $48,000. Bruce G. Allen Investments LLC boosted its stake in Huntington Ingalls Industries by 43.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 85 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in Huntington Ingalls Industries during the third quarter valued at about $60,000. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Up 1.0 %

NYSE:HII traded up $2.07 during mid-day trading on Friday, reaching $205.22. The stock had a trading volume of 560,211 shares, compared to its average volume of 483,881. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The stock has a market cap of $8.05 billion, a P/E ratio of 14.70, a PEG ratio of 1.15 and a beta of 0.49. The business's 50 day moving average is $188.42 and its 200 day moving average is $209.40. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $291.97.

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Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued 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 return on equity of 12.81% and a net margin of 4.77%. As a group, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio is 38.68%.

Wall Street Analyst Weigh In

HII has been the subject of a number of recent research reports. The Goldman Sachs Group cut their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a research report on Monday, February 10th. Barclays decreased their price target 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $221.22.

Insider Buying and Selling

In related news, Director Thomas C. Schievelbein bought 2,120 shares of the business'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 $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was 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 in the company, valued at $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

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.