Allspring Global Investments Holdings LLC Sells 64,944 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Allspring Global Investments Holdings LLC cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 84.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,583 shares of the aerospace company’s stock after selling 64,944 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Huntington Ingalls Industries were worth $2,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. Truvestments Capital LLC purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at approximately $42,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $48,000. Bruce G. Allen Investments LLC lifted its stake in shares of Huntington Ingalls Industries by 43.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 85 shares during the period. True Wealth Design LLC bought a new position in Huntington Ingalls Industries during the 3rd quarter valued at approximately $60,000. Finally, Capital Performance Advisors LLP bought a new position in Huntington Ingalls Industries during the 3rd quarter valued at approximately $68,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $170.44 on Friday. The business’s 50-day moving average is $188.08 and its two-hundred day moving average is $222.44. The company has a market capitalization of $6.67 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.12 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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%. Research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company 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 3.17%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Insider Transactions at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

HII has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a report on Friday, November 1st. Barclays dropped their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. The Goldman Sachs Group lowered their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday, February 10th. Finally, Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Company 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.