Principal Financial Group Inc. Sells 3,471 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Principal Financial Group Inc. decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,777 shares of the aerospace company's stock after selling 3,471 shares during the quarter. Principal Financial Group Inc. owned approximately 0.35% of Huntington Ingalls Industries worth $25,660,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth about $42,000. Wingate Wealth Advisors Inc. bought a new stake in Huntington Ingalls Industries during the fourth quarter worth about $48,000. Bruce G. Allen Investments LLC boosted its position in Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 85 shares during the last quarter. True Wealth Design LLC bought a new position in Huntington Ingalls Industries in the third quarter valued at approximately $60,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $68,000. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Performance

NYSE HII traded down $1.31 during trading on Monday, reaching $168.98. The company's stock had a trading volume of 820,629 shares, compared to its average volume of 663,978. The firm has a 50 day moving average price of $187.49 and a 200 day moving average price of $221.37. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $299.50. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (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%. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries's payout ratio is currently 38.68%.

Insider Activity at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein purchased 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 0.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HII has been the subject of several recent analyst reports. TD Cowen downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective for the company. in a report on Friday, November 1st. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price target for the company. in a research note on Friday, November 1st. StockNews.com downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Finally, Bank of America reduced their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a report on Wednesday, November 13th. Two equities 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $221.22.

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.