Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 87.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,534 shares of the aerospace company's stock after selling 10,908 shares during the quarter. Thrivent Financial for Lutherans' holdings in Huntington Ingalls Industries were worth $290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kennondale Capital Management LLC purchased a new stake in Huntington Ingalls Industries in the fourth quarter valued at approximately $8,229,000. Argent Advisors Inc. purchased a new stake in Huntington Ingalls Industries in the fourth quarter valued at $1,135,000. Cibc World Markets Corp grew its position in Huntington Ingalls Industries by 16.0% during the 4th quarter. Cibc World Markets Corp now owns 6,178 shares of the aerospace company's stock worth $1,167,000 after purchasing an additional 852 shares during the period. Natixis Advisors LLC raised its stake in shares of Huntington Ingalls Industries by 36.2% during the 4th quarter. Natixis Advisors LLC now owns 97,327 shares of the aerospace company's stock valued at $18,392,000 after buying an additional 25,846 shares during the last quarter. Finally, Monimus Capital Management LP acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $2,905,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HII. Barclays decreased their price target on 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 dropped their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Hold" and an average price target of $221.22.

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Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock traded up $12.73 during mid-day trading on Wednesday, reaching $200.27. 1,008,778 shares of the stock traded hands, compared to its average volume of 496,471. The stock has a market capitalization of $7.86 billion, a PE ratio of 14.35, a PEG ratio of 1.15 and a beta of 0.34. The business has a 50-day moving average of $187.40 and a 200 day moving average of $204.19. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. 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 (NYSE:HII - Get Free Report) last posted its quarterly earnings data 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, analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.70%. Huntington Ingalls Industries's dividend payout ratio is presently 38.68%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Nicolas G. Schuck sold 750 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were 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 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 owned by insiders.

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.