Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,200 shares of the aerospace company’s stock after selling 16,000 shares during the quarter. Swiss National Bank owned 0.26% of Huntington Ingalls Industries worth $19,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of HII. Victory Capital Management Inc. increased its position in shares of Huntington Ingalls Industries by 1.9% during the third quarter. Victory Capital Management Inc. now owns 29,748 shares of the aerospace company’s stock worth $7,865,000 after acquiring an additional 561 shares during the period. CIBC Asset Management Inc increased its position in shares of Huntington Ingalls Industries by 7.8% during the third quarter. CIBC Asset Management Inc now owns 5,753 shares of the aerospace company’s stock worth $1,521,000 after acquiring an additional 414 shares during the period. Natixis Advisors LLC increased its position in shares of Huntington Ingalls Industries by 82.4% during the third quarter. Natixis Advisors LLC now owns 71,481 shares of the aerospace company’s stock worth $18,898,000 after acquiring an additional 32,302 shares during the period. Pathstone Holdings LLC increased its holdings in Huntington Ingalls Industries by 11.9% in the third quarter. Pathstone Holdings LLC now owns 9,849 shares of the aerospace company’s stock valued at $2,604,000 after buying an additional 1,044 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in Huntington Ingalls Industries in the third quarter valued at $277,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $208.42 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $294.81. The company has a market capitalization of $8.18 billion, a PE ratio of 14.93, a P/E/G ratio of 1.15 and a beta of 0.49. The company has a fifty day moving average of $187.06 and a two-hundred day moving average of $211.96.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (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%. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend yield of 2.59%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. The Goldman Sachs Group dropped their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. Barclays dropped their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have assigned 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 a consensus target price of $221.22.

Insider Transactions at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares in the company, valued at $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

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.