Huntington Ingalls Industries, Inc. (NYSE:HII) is Investment Management Associates Inc. ADV's 3rd Largest Position

Investment Management Associates Inc. ADV reduced its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,530 shares of the aerospace company's stock after selling 3,576 shares during the quarter. Huntington Ingalls Industries accounts for 7.8% of Investment Management Associates Inc. ADV's portfolio, making the stock its 3rd largest position. Investment Management Associates Inc. ADV owned about 0.19% of Huntington Ingalls Industries worth $19,969,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in shares of Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock worth $455,222,000 after buying an additional 863,800 shares during the period. AQR Capital Management LLC lifted its position in Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company's stock worth $180,458,000 after buying an additional 215,362 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 3rd quarter valued at $47,698,000. American Century Companies Inc. raised its stake in shares of Huntington Ingalls Industries by 42.1% during the second quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company's stock worth $116,706,000 after buying an additional 140,338 shares during the last quarter. Finally, Sound Shore Management Inc. CT increased its stake in shares of Huntington Ingalls Industries by 50.7% in the 2nd quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company's stock valued at $85,104,000 after acquiring an additional 116,180 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction 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 owns 19,627 shares of the company's stock, valued at $4,028,245.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII traded down $1.93 on Tuesday, hitting $204.70. 477,601 shares of the company were exchanged, compared to its average volume of 333,194. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The stock's 50 day moving average price is $250.87 and its 200 day moving average price is $255.63. The firm has a market capitalization of $8.01 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.70 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a 1-year low of $184.29 and a 1-year high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted 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 business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the firm posted $3.70 earnings per share. The business's revenue was down 2.4% compared to the same quarter last year. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 15.63 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $1.35 dividend. This is a boost from Huntington Ingalls Industries's previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, November 29th. Huntington Ingalls Industries's payout ratio is currently 30.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Alembic Global Advisors downgraded Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price target for the company. in a research report on Friday, November 1st. Barclays reduced their price objective on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. The Goldman Sachs Group reduced their price target on 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. Wolfe Research downgraded shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of "Hold" and an average price target of $233.13.

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.