Valley National Advisers Inc. Sells 7,064 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Valley National Advisers Inc. trimmed its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 78.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,918 shares of the aerospace company's stock after selling 7,064 shares during the period. Valley National Advisers Inc.'s holdings in Huntington Ingalls Industries were worth $506,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC boosted its position in Huntington Ingalls Industries by 142.8% in the third quarter. CWM LLC now owns 5,251 shares of the aerospace company's stock valued at $1,388,000 after buying an additional 3,088 shares in the last quarter. SteelPeak Wealth LLC acquired a new stake in Huntington Ingalls Industries during the 2nd quarter valued at $1,769,000. SG Americas Securities LLC boosted its stake in Huntington Ingalls Industries by 950.1% in the first quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company's stock worth $11,208,000 after purchasing an additional 34,792 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Huntington Ingalls Industries by 30.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,805 shares of the aerospace company's stock worth $14,517,000 after purchasing an additional 11,647 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Huntington Ingalls Industries in the first quarter valued at about $1,821,000. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Vertical Research lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 target price on the stock. in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and raised their price target for the company from $280.00 to $285.00 in a report on Monday, September 9th. Wolfe Research lowered shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of "Hold" and a consensus price target of $290.00.

Huntington Ingalls Industries Stock Up 0.6 %

HII stock traded up $1.41 during trading hours on Monday, reaching $255.24. 78,009 shares of the stock were exchanged, compared to its average volume of 302,998. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.25 and a beta of 0.52. The firm's 50-day moving average is $265.23 and its 200-day moving average is $260.45. Huntington Ingalls Industries, Inc. has a 12 month low of $213.62 and a 12 month high of $299.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the company earned $3.27 earnings per share. The firm's revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 16.49 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, September 13th. Shareholders of record on Friday, August 30th were issued a $1.30 dividend. The ex-dividend date was Friday, August 30th. This represents a $5.20 annualized dividend and a dividend yield of 2.04%. Huntington Ingalls Industries's dividend payout ratio is currently 29.31%.

Huntington Ingalls Industries 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.