Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Byrne Asset Management LLC

Byrne Asset Management LLC lessened its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,812 shares of the aerospace company’s stock after selling 391 shares during the period. Byrne Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp increased its position in Huntington Ingalls Industries by 1.7% during the 2nd quarter. Truist Financial Corp now owns 4,620 shares of the aerospace company’s stock worth $1,138,000 after purchasing an additional 78 shares in the last quarter. Czech National Bank increased its position in shares of Huntington Ingalls Industries by 6.3% in the third quarter. Czech National Bank now owns 7,988 shares of the aerospace company’s stock worth $2,112,000 after acquiring an additional 473 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Huntington Ingalls Industries by 17.8% in the 3rd quarter. GAMMA Investing LLC now owns 377 shares of the aerospace company’s stock valued at $100,000 after acquiring an additional 57 shares during the period. CWM LLC lifted its holdings in shares of Huntington Ingalls Industries by 142.8% during the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock valued at $1,388,000 after acquiring an additional 3,088 shares in the last quarter. Finally, Marcum Wealth LLC boosted its position in Huntington Ingalls Industries by 9.4% during the 3rd quarter. Marcum Wealth LLC now owns 990 shares of the aerospace company’s stock worth $262,000 after purchasing an additional 85 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value 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. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Up 5.6 %

NYSE:HII opened at $168.67 on Friday. 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 company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 1.77 and a beta of 0.57. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $299.50. The stock has a 50-day simple moving average of $192.86 and a 200 day simple moving average of $229.59.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 14.09 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.20%. Huntington Ingalls Industries’s payout ratio is currently 30.49%.

Analyst Ratings Changes

Several research firms have commented on HII. Barclays cut their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research report on Friday, November 1st. The Goldman Sachs Group reduced their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a report on Friday, November 1st. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.