Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 49.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,544 shares of the aerospace company's stock after selling 2,489 shares during the quarter. Marks Group Wealth Management Inc's holdings in Huntington Ingalls Industries were worth $481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HII. Van ECK Associates Corp boosted its position in 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 valued at $455,222,000 after acquiring an additional 863,800 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Huntington Ingalls Industries during the 4th quarter valued at $36,191,000. FMR LLC boosted its position in Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company's stock valued at $930,383,000 after acquiring an additional 187,411 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $47,698,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Huntington Ingalls Industries by 45.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company's stock valued at $80,886,000 after purchasing an additional 95,324 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on HII. The Goldman Sachs Group decreased their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a report on Monday, February 10th. Alembic Global Advisors lowered Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price objective for the company. in a report on Friday, November 1st. StockNews.com lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. TD Cowen lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective for the company. in a report on Friday, November 1st. Finally, Bank of America decreased their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $221.22.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now owns 7,967 shares of the company's stock, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Performance

HII stock traded up $0.68 during midday trading on Friday, reaching $161.50. The stock had a trading volume of 847,960 shares, compared to its average volume of 546,445. The stock has a market cap of $6.32 billion, a PE ratio of 11.57, a P/E/G ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.08. The firm has a fifty day simple moving average of $190.18 and a two-hundred day simple moving average of $225.10. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results 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, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 15.14 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.34%. Huntington Ingalls Industries's payout ratio is currently 38.68%.

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.