Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,741 shares of the aerospace company’s stock after selling 242 shares during the quarter. First Horizon Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $2,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Creative Planning lifted its position in Huntington Ingalls Industries by 3.1% during the third quarter. Creative Planning now owns 6,099 shares of the aerospace company’s stock valued at $1,612,000 after purchasing an additional 181 shares during the period. Raymond James & Associates raised its stake in shares of Huntington Ingalls Industries by 10.9% during the 3rd quarter. Raymond James & Associates now owns 57,083 shares of the aerospace company’s stock valued at $15,092,000 after buying an additional 5,631 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Huntington Ingalls Industries by 8.0% in the 3rd quarter. Private Advisor Group LLC now owns 6,705 shares of the aerospace company’s stock valued at $1,773,000 after buying an additional 495 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Huntington Ingalls Industries by 22.1% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,416 shares of the aerospace company’s stock worth $903,000 after buying an additional 618 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in Huntington Ingalls Industries by 8.4% during the third quarter. Ballentine Partners LLC now owns 2,845 shares of the aerospace company’s stock worth $752,000 after acquiring an additional 220 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HII has been the subject of a number of analyst reports. TD Cowen downgraded 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. Barclays decreased their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research report on Friday, November 1st. The Goldman Sachs Group cut their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft lowered 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 research note on Friday, November 1st. Two investment 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 MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $221.22.

Huntington Ingalls Industries Stock Down 4.2 %

HII opened at $170.44 on Monday. The company has a market cap of $6.67 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $299.50. The company has a 50-day moving average price of $188.08 and a 200 day moving average price of $221.98. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.

Insider Activity

In related news, Director Thomas C. Schievelbein bought 2,120 shares of the stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the acquisition, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.72% of the company’s stock.

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.