Linden Thomas Advisory Services LLC Cuts Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Linden Thomas Advisory Services LLC cut its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,656 shares of the aerospace company’s stock after selling 159 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Huntington Ingalls Industries were worth $691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $29,000. Northwest Investment Counselors LLC purchased a new position in Huntington Ingalls Industries during the 3rd quarter worth $40,000. Truvestments Capital LLC purchased a new position in Huntington Ingalls Industries during the 3rd quarter worth $42,000. Bruce G. Allen Investments LLC grew its stake in 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 worth $53,000 after buying an additional 85 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in Huntington Ingalls Industries during the 3rd quarter worth $60,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on HII shares. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barclays dropped their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Bank of America dropped their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. 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 note on Friday, November 1st. Finally, Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a research note on Thursday, October 10th. Two investment 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $228.89.

Insider Buying and Selling

In related news, VP D R. Wyatt sold 400 shares of the company’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 approximately $4,028,245.48. This represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $202.60 on Monday. The stock has a market cap of $7.93 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.85 and a beta of 0.56. The business has a 50-day simple moving average of $194.16 and a 200-day simple moving average of $234.15. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $3.70 EPS. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 14 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $1.35 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.67%. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

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.