MMA Asset Management LLC Sells 1,986 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

MMA Asset Management LLC cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 45.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,357 shares of the aerospace company's stock after selling 1,986 shares during the quarter. MMA Asset Management LLC's holdings in Huntington Ingalls Industries were worth $445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Truvestments Capital LLC purchased a new stake in shares of Huntington Ingalls Industries in the third quarter worth about $42,000. Wingate Wealth Advisors Inc. bought a new stake in Huntington Ingalls Industries in the 4th quarter worth approximately $48,000. Bruce G. Allen Investments LLC raised its holdings in shares of 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 acquiring an additional 85 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at approximately $60,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Huntington Ingalls Industries in the third quarter valued at $68,000. Institutional investors own 90.46% of the company's stock.

Insider Buying and Selling

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were bought 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 directly owns 7,967 shares in the company, valued at $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Bank of America decreased their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a research note on Wednesday, November 13th. The Goldman Sachs Group decreased their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a research report on Monday, February 10th. Finally, Barclays dropped their price target on 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of "Hold" and a consensus target price of $221.22.

Huntington Ingalls Industries Trading Down 0.8 %

Shares of NYSE:HII traded down $1.37 during trading hours on Monday, hitting $174.21. 393,819 shares of the company's stock traded hands, compared to its average volume of 719,212. The firm has a market capitalization of $6.82 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57. The business has a fifty day moving average price of $186.15 and a 200-day moving average price of $218.87. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $299.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data 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 net margin of 4.77% and a return on equity of 12.81%. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries's payout ratio is presently 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.