Mariner LLC Sells 3,695 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Mariner LLC reduced its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 34.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,133 shares of the aerospace company's stock after selling 3,695 shares during the quarter. Mariner LLC's holdings in Huntington Ingalls Industries were worth $1,348,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after buying an additional 131 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in Huntington Ingalls Industries in the 4th quarter worth approximately $48,000. Bruce G. Allen Investments LLC grew its position 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 worth $53,000 after purchasing an additional 85 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Huntington Ingalls Industries by 156.4% in the fourth 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 in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Huntington Ingalls Industries by 37.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company's stock worth $101,000 after buying an additional 145 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on HII shares. Barclays dropped 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. The Goldman Sachs Group raised shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and lifted their price objective for the company from $145.00 to $234.00 in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $231.11.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII traded up $2.10 during trading hours on Tuesday, reaching $230.45. The stock had a trading volume of 503,789 shares, compared to its average volume of 520,527. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.15 and a beta of 0.34. 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 business's fifty day moving average is $199.29 and its two-hundred day moving average is $200.10. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced 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 net margin of 4.77% and a return on equity of 12.81%. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.34%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 38.68%.

Insider Activity

In other news, Director Thomas C. Schievelbein bought 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, with a total value of $349,418.40. Following the completion of the purchase, the director now owns 7,967 shares of the company's stock, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 value 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. The trade was a 20.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

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.