Manning & Napier Advisors LLC trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) by 40.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,204 shares of the aerospace company’s stock after selling 4,174 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Kathleen S. Wright Associates Inc. bought a new position in Huntington Ingalls Industries in the third quarter worth $29,000. Northwest Investment Counselors LLC acquired a new position in Huntington Ingalls Industries during the third quarter worth $40,000. Truvestments Capital LLC acquired a new position in Huntington Ingalls Industries during the third quarter worth $42,000. Bruce G. Allen Investments LLC increased its stake in shares of Huntington Ingalls Industries by 43.4% in the fourth 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 in the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at $60,000. 90.46% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a report on Friday, November 1st. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a report on Friday, November 1st. Finally, The Goldman Sachs Group dropped their target price on 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $228.89.
Huntington Ingalls Industries Stock Up 1.4 %
HII stock opened at $195.54 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $7.65 billion, a PE ratio of 11.04, a PEG ratio of 1.85 and a beta of 0.56. Huntington Ingalls Industries, Inc. has a 1-year low of $184.29 and a 1-year high of $299.50. The business’s 50 day simple moving average is $194.44 and its 200 day simple moving average is $232.87.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.70 earnings per share. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 14 EPS for the current year.
Huntington Ingalls Industries Dividend Announcement
The company 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 yield of 2.76%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.
Insider Activity at Huntington Ingalls Industries
In other news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.
Huntington Ingalls Industries 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.
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