Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,426,697 shares of the aerospace company’s stock after selling 351,513 shares during the period. Van ECK Associates Corp owned approximately 3.65% of Huntington Ingalls Industries worth $269,603,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HII. Northwest Investment Counselors LLC acquired a new stake in Huntington Ingalls Industries in the 3rd quarter worth approximately $40,000. Truvestments Capital LLC purchased a new position in shares of Huntington Ingalls Industries in the third quarter worth $42,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $48,000. Bruce G. Allen Investments LLC grew its holdings in shares of 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 buying an additional 85 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the topic of several research analyst reports. TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Friday, November 1st. Barclays dropped 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. 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. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Stock Down 2.6 %

HII stock opened at $163.37 on Thursday. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $299.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.08. The firm’s fifty day moving average is $191.27 and its 200 day moving average is $227.12. The firm has a market cap of $6.39 billion, a PE ratio of 11.70, a P/E/G ratio of 1.43 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last posted 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%. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 15.14 EPS for the current 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 paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.

Huntington Ingalls Industries 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.