IFP Advisors Inc Reduces Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

IFP Advisors Inc cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 81.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 311 shares of the aerospace company’s stock after selling 1,411 shares during the period. IFP Advisors Inc’s holdings in Huntington Ingalls Industries were worth $59,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its position in shares of Huntington Ingalls Industries by 40.7% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the aerospace company’s stock valued at $152,000 after buying an additional 167 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Huntington Ingalls Industries by 6.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,580 shares of the aerospace company’s stock valued at $14,430,000 after acquiring an additional 3,073 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Huntington Ingalls Industries by 1.4% during the 3rd quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock worth $939,000 after acquiring an additional 48 shares during the period. Principal Financial Group Inc. raised its position in shares of Huntington Ingalls Industries by 7.4% in the 3rd quarter. Principal Financial Group Inc. now owns 139,248 shares of the aerospace company’s stock worth $36,812,000 after acquiring an additional 9,634 shares in the last quarter. Finally, Smith Thornton Advisors LLC purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at approximately $209,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on HII. Bank of America reduced their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. Barclays decreased their price target on shares of 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. Finally, The Goldman Sachs Group dropped their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries Trading Up 0.1 %

NYSE:HII opened at $193.76 on Friday. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $294.81. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.15 and a beta of 0.57. The company’s 50 day moving average price is $185.42 and its 200-day moving average price is $217.34. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last issued its 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 net margin of 4.77% and a return on equity of 12.81%. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 yield of 2.79%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

Insider Activity

In other news, Director Thomas C. Schievelbein purchased 2,120 shares of the stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $164.82 per share, with a total value of $349,418.40. Following the acquisition, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.72% of the company’s stock.

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.