Corebridge Financial Inc. Sells 474 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Corebridge Financial Inc. decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,264 shares of the aerospace company’s stock after selling 474 shares during the period. Corebridge Financial Inc.’s holdings in Huntington Ingalls Industries were worth $1,751,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Generali Asset Management SPA SGR bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at $2,056,000. Assetmark Inc. raised its holdings in Huntington Ingalls Industries by 2,154.9% during the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock valued at $1,474,000 after acquiring an additional 7,456 shares during the period. Northcape Wealth Management LLC bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at about $3,642,000. Stifel Financial Corp lifted its position in shares of Huntington Ingalls Industries by 36.6% in the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock valued at $6,181,000 after acquiring an additional 6,253 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. boosted its stake in shares of Huntington Ingalls Industries by 63.0% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock worth $655,000 after acquiring an additional 1,339 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $205.12 on Thursday. The firm has a fifty day simple moving average of $188.38 and a two-hundred day simple moving average of $207.45. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $289.26. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $8.05 billion, a P/E ratio of 14.69, a PEG ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII) last released 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, analysts expect 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 declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.63%. Huntington Ingalls Industries’s payout ratio is presently 38.68%.

Wall Street Analysts Forecast Growth

HII has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their target price on 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. Barclays lowered their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and an average target price of $221.22.

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.