Atria Investments Inc Reduces Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Atria Investments Inc trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,235 shares of the aerospace company’s stock after selling 102 shares during the period. Atria Investments Inc’s holdings in Huntington Ingalls Industries were worth $1,648,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC grew its stake in shares of Huntington Ingalls Industries by 142.8% in the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after purchasing an additional 3,088 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in shares of Huntington Ingalls Industries in the second quarter valued at about $1,769,000. Old North State Wealth Management LLC raised its stake in shares of Huntington Ingalls Industries by 60.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock valued at $3,122,000 after buying an additional 4,450 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Huntington Ingalls Industries by 30.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,805 shares of the aerospace company’s stock valued at $14,517,000 after purchasing an additional 11,647 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at $1,821,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on HII. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research report on Friday, November 1st. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price target for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Bank of America dropped their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday. Finally, Alembic Global Advisors cut 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average price target of $228.89.

Insider Buying and Selling

In related news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Trading Down 0.9 %

Shares of HII opened at $193.56 on Friday. Huntington Ingalls Industries, Inc. has a twelve month low of $184.29 and a twelve month high of $299.50. The company’s fifty day simple moving average is $245.02 and its 200-day simple moving average is $253.76. The company has a market cap of $7.57 billion, a P/E ratio of 10.93, a P/E/G ratio of 1.75 and a beta of 0.55. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the company posted $3.70 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 15.31 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.79%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.36%.

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.