LSV Asset Management Cuts Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

LSV Asset Management trimmed its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 509,908 shares of the aerospace company's stock after selling 48,550 shares during the period. LSV Asset Management owned 1.30% of Huntington Ingalls Industries worth $96,357,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after buying an additional 131 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $48,000. Bruce G. Allen Investments LLC increased its position in shares of Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock worth $53,000 after purchasing an additional 85 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in Huntington Ingalls Industries by 156.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after purchasing an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Huntington Ingalls Industries by 37.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company's stock worth $101,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently commented on HII shares. Barclays reduced their target price 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. The Goldman Sachs Group raised shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and raised their target price for the stock from $145.00 to $234.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $231.11.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, March 6th. The shares were 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas C. Schievelbein bought 2,120 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the acquisition, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Trading Down 0.8 %

Shares of Huntington Ingalls Industries stock traded down $1.84 during mid-day trading on Tuesday, hitting $218.11. The stock had a trading volume of 722,149 shares, compared to its average volume of 506,655. The firm has a 50-day moving average of $188.37 and a two-hundred day moving average of $202.82. The firm has a market cap of $8.56 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. The company has a quick ratio of 1.01, 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 $285.81.

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 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%. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed 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 dividend yield of 2.48%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's payout ratio is 38.68%.

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.