HighTower Advisors LLC Reduces Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

HighTower Advisors LLC trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 59.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,327 shares of the aerospace company’s stock after selling 10,674 shares during the period. HighTower Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,942,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HII. Kathleen S. Wright Associates Inc. bought a new position in Huntington Ingalls Industries in the 3rd quarter valued at $29,000. Family Firm Inc. bought a new position in shares of Huntington Ingalls Industries in the second quarter worth about $35,000. Rothschild Investment LLC purchased a new position in Huntington Ingalls Industries in the 2nd quarter worth about $37,000. ORG Partners LLC lifted its holdings in Huntington Ingalls Industries by 484.6% during the 2nd quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock valued at $38,000 after buying an additional 126 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in Huntington Ingalls Industries in the 3rd quarter valued at about $40,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

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 that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Performance

HII stock opened at $192.14 on Friday. Huntington Ingalls Industries, Inc. has a one year low of $184.29 and a one year high of $299.50. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.86 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The firm has a 50-day simple moving average of $217.57 and a two-hundred day simple moving average of $245.32.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the company earned $3.70 EPS. The company’s revenue was down 2.4% on a year-over-year basis. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $1.35 per share. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

HII has been the topic of a number of research reports. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research report on Friday, November 1st. Barclays decreased their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. The Goldman Sachs Group decreased their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $228.89.

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.