Commerce Bank Has $1.53 Million Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Commerce Bank lessened its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,791 shares of the aerospace company’s stock after selling 72 shares during the quarter. Commerce Bank’s holdings in Huntington Ingalls Industries were worth $1,531,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Rosenberg Matthew Hamilton increased its holdings in shares of Huntington Ingalls Industries by 8.2% in the third quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock valued at $139,000 after purchasing an additional 40 shares in the last quarter. Oliver Lagore Vanvalin Investment Group raised its position in shares of Huntington Ingalls Industries by 9.1% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock worth $121,000 after acquiring an additional 41 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of Huntington Ingalls Industries by 1.6% during the second quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock valued at $647,000 after acquiring an additional 42 shares during the period. GAMMA Investing LLC boosted its holdings in Huntington Ingalls Industries by 16.4% in the second quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 45 shares during the last quarter. Finally, Hilltop National Bank increased its position in Huntington Ingalls Industries by 15.1% in the second quarter. Hilltop National Bank now owns 359 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 47 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Up 1.9 %

HII stock opened at $198.95 on Friday. The business has a 50-day moving average of $238.34 and a 200-day moving average of $251.55. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The stock has a market capitalization of $7.78 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.81 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company earned $3.70 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.36%.

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction that occurred on 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 transaction, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HII shares. The Goldman Sachs Group cut 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 research report on Friday, November 1st. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research note on Friday, November 1st. Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a research report on Thursday, October 10th. Finally, Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note 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, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average target price of $228.89.

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.