Atria Investments Inc Has $1.07 Million Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Atria Investments Inc lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,684 shares of the aerospace company’s stock after selling 551 shares during the quarter. Atria Investments Inc’s holdings in Huntington Ingalls Industries were worth $1,074,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in Huntington Ingalls Industries by 2,154.9% during the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock worth $1,474,000 after purchasing an additional 7,456 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Huntington Ingalls Industries by 1.8% during the 4th quarter. Victory Capital Management Inc. now owns 30,290 shares of the aerospace company’s stock worth $5,724,000 after buying an additional 542 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Huntington Ingalls Industries by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 362,396 shares of the aerospace company’s stock valued at $68,482,000 after acquiring an additional 6,080 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Huntington Ingalls Industries by 3.4% in the 4th quarter. State of Michigan Retirement System now owns 12,190 shares of the aerospace company’s stock valued at $2,304,000 after acquiring an additional 400 shares in the last quarter. Finally, Auxano Advisors LLC acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at about $272,000. 90.46% of the stock is currently owned by institutional investors.

Insider Activity

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the transaction, the director now owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Trading Down 1.6 %

NYSE:HII opened at $191.96 on Thursday. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $294.81. The firm’s fifty day moving average is $185.94 and its 200-day moving average is $214.61. The firm has a market cap of $7.53 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.15 and a beta of 0.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HII. Bank of America decreased their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. The Goldman Sachs Group lowered their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday, February 10th. Finally, Barclays cut their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $221.22.

About Huntington Ingalls Industries

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.