Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Xponance Inc.

Xponance Inc. lowered its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,562 shares of the aerospace company’s stock after selling 184 shares during the quarter. Xponance Inc.’s holdings in Huntington Ingalls Industries were worth $1,051,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HII. Pathstone Holdings LLC raised its stake in shares of Huntington Ingalls Industries by 11.9% during the 3rd quarter. Pathstone Holdings LLC now owns 9,849 shares of the aerospace company’s stock worth $2,604,000 after buying an additional 1,044 shares during the period. Caprock Group LLC purchased a new position in Huntington Ingalls Industries during the third quarter valued at $277,000. PNC Financial Services Group Inc. lifted its holdings in Huntington Ingalls Industries by 2.6% during the third quarter. PNC Financial Services Group Inc. now owns 12,950 shares of the aerospace company’s stock valued at $3,424,000 after purchasing an additional 334 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Huntington Ingalls Industries by 25.6% during the third quarter. Advisors Asset Management Inc. now owns 6,866 shares of the aerospace company’s stock valued at $1,815,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of Huntington Ingalls Industries by 3.6% in the third quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company’s stock valued at $21,878,000 after purchasing an additional 2,847 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research report on Monday, February 10th. Barclays decreased their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Two equities research 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $221.22.

Insiders Place Their Bets

In related news, CAO Nicolas G. Schuck sold 750 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was 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 directly owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the transaction, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. The trade was 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 owned by insiders.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $201.46 on Monday. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $294.24. The stock has a market cap of $7.90 billion, a PE ratio of 14.43, 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. The stock has a 50 day moving average price of $187.89 and a 200 day moving average price of $210.39.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) 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 research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

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.