Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Holdings Increased by Prudential Financial Inc.

Prudential Financial Inc. raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,608 shares of the aerospace company's stock after buying an additional 1,529 shares during the quarter. Prudential Financial Inc. owned approximately 0.08% of Huntington Ingalls Industries worth $5,784,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after acquiring an additional 131 shares during the last quarter. True Wealth Design LLC purchased a new position in Huntington Ingalls Industries during the third quarter worth approximately $60,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $48,000. Bruce G. Allen Investments LLC grew 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 buying an additional 85 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Huntington Ingalls Industries by 156.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock worth $91,000 after buying an additional 294 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Remove Ads

Insider Buying and Selling

In other news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $164.82 per share, with a total value of $349,418.40. Following 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 disclosure for this purchase can be found here. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Down 7.2 %

Shares of NYSE HII traded down $14.42 on Friday, hitting $184.81. The company had a trading volume of 855,844 shares, compared to its average volume of 490,264. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $287.89. The firm has a market capitalization of $7.25 billion, a P/E ratio of 13.24, a PEG ratio of 1.15 and a beta of 0.49. The business has a 50 day moving average of $187.92 and a two-hundred day moving average of $206.83.

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 return on equity of 12.81% and a net margin of 4.77%. As a group, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's payout ratio is 38.68%.

Analyst Ratings Changes

A number of research analysts recently weighed in on HII shares. The Goldman Sachs Group reduced their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a report on Monday, February 10th. Barclays reduced their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently 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.