Alliancebernstein L.P. Sells 14,700 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Alliancebernstein L.P. cut its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 22.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,270 shares of the aerospace company’s stock after selling 14,700 shares during the quarter. Alliancebernstein L.P. owned 0.13% of Huntington Ingalls Industries worth $9,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after buying an additional 131 shares during the period. Wingate Wealth Advisors Inc. bought a new position in Huntington Ingalls Industries in the 4th quarter worth $48,000. Bruce G. Allen Investments LLC lifted its position in Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 85 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in Huntington Ingalls Industries by 156.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock valued at $91,000 after purchasing an additional 294 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in Huntington Ingalls Industries by 37.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock worth $101,000 after buying an additional 145 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Price Performance

HII stock opened at $200.92 on Friday. 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 company’s fifty day moving average price is $187.48 and its 200-day moving average price is $203.80. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81. The company has a market capitalization of $7.88 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly 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 12.81% and a net margin of 4.77%. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors 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 2.69%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s payout ratio is presently 38.68%.

Insiders Place Their Bets

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 owns 2,884 shares of the company’s stock, valued at $546,691.04. This trade represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays cut their price objective on 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. The Goldman Sachs Group reduced 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 research note on Monday, February 10th. Two 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $221.22.

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.