Meitav Dash Investments Ltd. Reduces Stock Position in Huntington Ingalls Industries Inc (NYSE:HII)

Meitav Dash Investments Ltd. decreased its position in Huntington Ingalls Industries Inc (NYSE:HII) by 4.0% in the 4th quarter, HoldingsChannel reports. The firm owned 1,613 shares of the aerospace company’s stock after selling 67 shares during the period. Meitav Dash Investments Ltd.’s holdings in Huntington Ingalls Industries were worth $405,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Ceredex Value Advisors LLC purchased a new position in Huntington Ingalls Industries during the fourth quarter worth about $25,000. Quest Capital Management Inc. ADV acquired a new stake in Huntington Ingalls Industries in the 3rd quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new stake in Huntington Ingalls Industries in the 3rd quarter worth about $30,000. Bridger Capital Management LLC purchased a new stake in Huntington Ingalls Industries in the 3rd quarter valued at about $33,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Huntington Ingalls Industries by 1,300.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 140 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 130 shares during the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.

NYSE HII traded down $3.02 during trading hours on Thursday, hitting $216.74. The company had a trading volume of 51,920 shares, compared to its average volume of 349,591. The firm’s 50 day moving average is $261.96 and its 200 day moving average is $237.59. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.94 and a quick ratio of 0.87. Huntington Ingalls Industries Inc has a fifty-two week low of $196.26 and a fifty-two week high of $279.71. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 16.28 and a beta of 1.24.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 13th. The aerospace company reported $4.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.20 by $0.16. Huntington Ingalls Industries had a return on equity of 35.78% and a net margin of 6.17%. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business earned $4.94 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Huntington Ingalls Industries Inc will post 20.03 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 28th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 1.90%. The ex-dividend date is Thursday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.41%.

In other news, VP D R. Wyatt sold 1,150 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $235.31, for a total transaction of $270,606.50. Following the transaction, the vice president now directly owns 22,654 shares of the company’s stock, valued at $5,330,712.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jerri F. Dickseski sold 1,874 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $268.69, for a total transaction of $503,525.06. Following the completion of the transaction, the vice president now owns 30,140 shares of the company’s stock, valued at $8,098,316.60. The disclosure for this sale can be found here. Insiders own 2.65% of the company’s stock.

A number of equities research analysts recently issued reports on HII shares. UBS Group lowered their target price on shares of Huntington Ingalls Industries from $310.00 to $300.00 and set a “buy” rating for the company in a report on Friday, February 14th. Barclays restated a “hold” rating and issued a $295.00 price objective on shares of Huntington Ingalls Industries in a report on Thursday, January 23rd. Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating in a research note on Tuesday, February 18th. Buckingham Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $300.00 to $242.00 in a research report on Thursday. Finally, Credit Suisse Group cut their price target on shares of Huntington Ingalls Industries from $296.00 to $284.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $281.29.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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