Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 30.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,858 shares of the aerospace company’s stock after selling 1,262 shares during the period. Ritholtz Wealth Management’s holdings in Huntington Ingalls Industries were worth $540,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Carnegie Investment Counsel raised its stake in shares of Huntington Ingalls Industries by 10.2% in the 4th quarter. Carnegie Investment Counsel now owns 4,010 shares of the aerospace company’s stock worth $758,000 after buying an additional 371 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Huntington Ingalls Industries by 19.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,090 shares of the aerospace company’s stock worth $773,000 after acquiring an additional 674 shares during the period. Richard P Slaughter Associates Inc raised its position in Huntington Ingalls Industries by 2.3% in the fourth quarter. Richard P Slaughter Associates Inc now owns 6,830 shares of the aerospace company’s stock worth $1,291,000 after acquiring an additional 151 shares in the last quarter. SS&H Financial Advisors Inc. lifted its holdings in Huntington Ingalls Industries by 15.1% in the 4th quarter. SS&H Financial Advisors Inc. now owns 4,995 shares of the aerospace company’s stock valued at $944,000 after acquiring an additional 655 shares during the last quarter. Finally, Oak Thistle LLC boosted its position in shares of Huntington Ingalls Industries by 8.5% during the 4th quarter. Oak Thistle LLC now owns 6,682 shares of the aerospace company’s stock valued at $1,263,000 after purchasing an additional 526 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on HII shares. The Goldman Sachs Group dropped their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Barclays cut their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft decreased their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a report on Friday, November 1st. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Stock Up 0.8 %

NYSE:HII opened at $202.58 on Tuesday. The business’s fifty day moving average price is $193.69 and its 200 day moving average price is $235.23. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.71 and a beta of 0.56. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 1-year low of $184.29 and a 1-year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. Huntington Ingalls Industries’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.70 EPS. On average, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 14.05 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.67%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 30.49%.

Insider Activity

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by corporate insiders.

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.