M&T Bank Corp Has $1.59 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

M&T Bank Corp cut its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,425 shares of the aerospace company's stock after selling 1,289 shares during the period. M&T Bank Corp's holdings in Huntington Ingalls Industries were worth $1,592,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HII. Truvestments Capital LLC acquired a new position in Huntington Ingalls Industries in the 3rd quarter valued at about $42,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at about $48,000. Bruce G. Allen Investments LLC increased its stake 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 valued at $53,000 after acquiring an additional 85 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at about $60,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at about $70,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

HII stock traded down $2.17 during trading hours on Tuesday, hitting $194.86. 946,922 shares of the stock traded hands, compared to its average volume of 449,182. The stock has a 50-day simple moving average of $185.88 and a 200 day simple moving average of $214.77. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $294.81. The company has a market cap of $7.65 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.15 and a beta of 0.49. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

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Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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 forecast 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 disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries's payout ratio is presently 38.68%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays dropped their price objective on shares of 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 dropped their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a research note on Monday, February 10th. Finally, Bank of America dropped their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a research note on Wednesday, November 13th. Two 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $221.22.

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.