Colonial Trust Co SC Trims Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Colonial Trust Co SC lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 31.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 299 shares of the aerospace company’s stock after selling 135 shares during the period. Colonial Trust Co SC’s holdings in Huntington Ingalls Industries were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. River Road Asset Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at $65,215,000. Diamond Hill Capital Management Inc. boosted its holdings in Huntington Ingalls Industries by 132.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock valued at $79,387,000 after purchasing an additional 239,688 shares during the last quarter. Earnest Partners LLC grew its position in Huntington Ingalls Industries by 32.6% during the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company’s stock worth $157,216,000 after purchasing an additional 204,376 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at about $36,191,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $27,881,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the transaction, the vice president now owns 9,581 shares in the company, valued at approximately $2,221,929.71. This trade represents a 11.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value 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 $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,010 shares of company stock worth $899,510. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HII. The Goldman Sachs Group lifted their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Barclays lifted their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $238.44.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $231.61 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 stock has a market capitalization of $9.09 billion, a PE ratio of 16.59, a P/E/G ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The company has a fifty day moving average of $209.68 and a two-hundred day moving average of $199.12.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company posted $3.87 EPS. Huntington Ingalls Industries’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries’s dividend payout ratio is currently 38.90%.

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.