National Bank of Canada FI Cuts Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

National Bank of Canada FI reduced its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,121 shares of the aerospace company's stock after selling 1,883 shares during the period. National Bank of Canada FI's holdings in Huntington Ingalls Industries were worth $3,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Huntington Ingalls Industries by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock worth $950,391,000 after buying an additional 14,988 shares during the last quarter. Geode Capital Management LLC increased its position in Huntington Ingalls Industries by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company's stock worth $268,520,000 after purchasing an additional 5,036 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in Huntington Ingalls Industries by 7.6% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company's stock valued at $85,637,000 after purchasing an additional 31,934 shares during the last quarter. Sei Investments Co. boosted its position in Huntington Ingalls Industries by 32.4% in the fourth quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company's stock valued at $84,269,000 after buying an additional 109,134 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of Huntington Ingalls Industries by 132.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock worth $79,387,000 after buying an additional 239,688 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Huntington Ingalls Industries Trading Up 7.5 %

HII traded up $15.11 during trading on Friday, reaching $216.00. 1,472,927 shares of the stock traded hands, compared to its average volume of 502,815. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The stock's 50-day moving average is $187.89 and its 200 day moving average is $203.52. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The stock has a market capitalization of $8.47 billion, a PE ratio of 15.47, a P/E/G ratio of 1.15 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced 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 anticipate 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.68%.

Insider Activity

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries 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. The trade was a 36.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the company's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HII has been the subject of a number of research reports. 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 report on Monday, February 10th. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and lifted their price target for the stock from $145.00 to $234.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Hold" and a consensus price target of $231.11.

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.