Farmers & Merchants Investments Inc. Has $1.73 Million Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Farmers & Merchants Investments Inc. lessened its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,130 shares of the aerospace company’s stock after selling 72 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Huntington Ingalls Industries were worth $1,725,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its position in Huntington Ingalls Industries by 5.6% in the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after buying an additional 187,411 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after purchasing an additional 863,800 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Huntington Ingalls Industries by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock worth $268,520,000 after purchasing an additional 5,036 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Huntington Ingalls Industries by 36.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 323,829 shares of the aerospace company’s stock worth $85,614,000 after buying an additional 85,698 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Huntington Ingalls Industries by 45.3% during the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after acquiring an additional 95,324 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on HII. The Goldman Sachs Group dropped their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Barclays cut their target price on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research report on Friday, November 1st. Bank of America cut their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. Finally, StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $168.67 on Friday. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $299.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 0.73. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 1.43 and a beta of 0.57. The stock’s fifty day moving average price is $192.86 and its two-hundred day moving average price is $229.33.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS 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%. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 15.14 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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 paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.68%.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares of the company’s stock, valued at $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by corporate insiders.

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.