Herbst Group LLC Lowers Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Herbst Group LLC decreased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 68.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,404 shares of the aerospace company’s stock after selling 5,296 shares during the quarter. Herbst Group LLC’s holdings in Huntington Ingalls Industries were worth $454,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HII. FMR LLC grew its stake in Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after purchasing an additional 187,411 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after buying an additional 863,800 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Huntington Ingalls Industries by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock worth $268,520,000 after buying an additional 5,036 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Huntington Ingalls Industries by 41.6% during the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after buying an additional 215,362 shares during the period. Finally, Earnest Partners LLC raised its holdings in Huntington Ingalls Industries by 1.9% in the second quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock valued at $157,326,000 after acquiring an additional 11,693 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

HII stock opened at $202.58 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 company has a market capitalization of $7.93 billion, a P/E ratio of 11.44, a PEG ratio of 1.71 and a beta of 0.56. The business has a 50 day simple moving average of $193.77 and a 200-day simple moving average of $235.61. Huntington Ingalls Industries, Inc. has a twelve month low of $184.29 and a twelve month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly 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 for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.70 EPS. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.05 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on HII. The Goldman Sachs Group dropped their price objective 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. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a report on Friday, November 1st. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research report on Thursday, October 10th. Finally, Barclays lowered their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. 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, the company has an average rating of “Hold” and an average price target of $228.89.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.72% of the stock is owned by company 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.