PNC Financial Services Group Inc. Sells 1,311 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

PNC Financial Services Group Inc. lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,639 shares of the aerospace company's stock after selling 1,311 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Huntington Ingalls Industries were worth $2,199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Yousif Capital Management LLC lifted its position in shares of Huntington Ingalls Industries by 1.6% in the fourth quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company's stock worth $610,000 after buying an additional 52 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Huntington Ingalls Industries by 0.6% in the third quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company's stock worth $3,004,000 after buying an additional 71 shares during the last quarter. 1834 Investment Advisors Co. lifted its position in shares of Huntington Ingalls Industries by 3.9% in the fourth quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company's stock worth $365,000 after buying an additional 73 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Huntington Ingalls Industries by 1.5% in the fourth quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company's stock worth $989,000 after buying an additional 75 shares during the last quarter. Finally, Voya Financial Advisors Inc. lifted its position in shares of Huntington Ingalls Industries by 2.9% in the third quarter. Voya Financial Advisors Inc. now owns 2,800 shares of the aerospace company's stock worth $737,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

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Insider Buying and Selling at Huntington Ingalls Industries

In other news, 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 sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This represents a 20.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction dated 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 purchase, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Barclays reduced 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. The Goldman Sachs Group cut their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" 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 issued a buy rating to the company's stock. According to MarketBeat, Huntington Ingalls Industries presently has a consensus rating of "Hold" and a consensus price target of $221.22.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock traded up $1.29 during trading hours on Tuesday, hitting $208.42. The stock had a trading volume of 681,679 shares, compared to its average volume of 456,867. The company has a 50-day moving average of $186.67 and a two-hundred day moving average of $212.48. 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 company has a market cap of $8.18 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $294.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. On average, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.59%. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.68%.

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.