JPMorgan Chase & Co. Sells 126,419 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

JPMorgan Chase & Co. reduced its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 41.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,528 shares of the aerospace company's stock after selling 126,419 shares during the quarter. JPMorgan Chase & Co. owned 0.46% of Huntington Ingalls Industries worth $33,926,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Huntington Ingalls Industries by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock valued at $950,391,000 after purchasing an additional 14,988 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company's stock valued at $268,520,000 after buying an additional 5,036 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in Huntington Ingalls Industries by 7.6% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company's stock valued at $85,637,000 after buying an additional 31,934 shares in the last quarter. Sei Investments Co. grew its holdings in Huntington Ingalls Industries by 32.4% during the fourth quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company's stock worth $84,269,000 after acquiring an additional 109,134 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its position in Huntington Ingalls Industries by 132.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock worth $79,387,000 after acquiring an additional 239,688 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

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Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock traded up $15.11 during trading hours on Friday, reaching $216.00. 1,472,927 shares of the company were exchanged, compared to its average volume of 502,815. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.15 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average of $187.89 and a 200 day moving average of $203.52.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results 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, research analysts anticipate 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 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. This represents a $5.40 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.68%.

Insider Activity

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the transaction, the director now owns 7,967 shares of the company's stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. This trade 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 company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HII shares. Barclays reduced their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and upped their price objective for the company from $145.00 to $234.00 in a research note on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $231.11.

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.