Thrivent Financial for Lutherans Sells 53 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Thrivent Financial for Lutherans decreased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.4% in the 3rd quarter, Holdings Channel reports. The fund owned 12,442 shares of the aerospace company’s stock after selling 53 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Huntington Ingalls Industries were worth $3,290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HII. Chesapeake Capital Corp IL increased its holdings in Huntington Ingalls Industries by 29.0% during the 3rd quarter. Chesapeake Capital Corp IL now owns 1,151 shares of the aerospace company’s stock worth $303,000 after purchasing an additional 259 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Huntington Ingalls Industries by 82.4% during the third quarter. Natixis Advisors LLC now owns 71,481 shares of the aerospace company’s stock worth $18,898,000 after buying an additional 32,302 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Huntington Ingalls Industries by 7.8% during the third quarter. CIBC Asset Management Inc now owns 5,753 shares of the aerospace company’s stock worth $1,521,000 after buying an additional 414 shares in the last quarter. ICICI Prudential Asset Management Co Ltd raised its position in Huntington Ingalls Industries by 83.6% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 35,584 shares of the aerospace company’s stock valued at $9,408,000 after buying an additional 16,200 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Huntington Ingalls Industries by 1.9% in the 3rd quarter. Victory Capital Management Inc. now owns 29,748 shares of the aerospace company’s stock valued at $7,865,000 after acquiring an additional 561 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the stock in a transaction 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 transaction, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HII shares. The Goldman Sachs Group decreased their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Barclays reduced their price objective on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research report on Friday, November 1st. Finally, Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a research report on Thursday, October 10th. Two investment 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’s stock. According to MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $198.91 on Tuesday. Huntington Ingalls Industries, Inc. has a 12-month low of $184.29 and a 12-month high of $299.50. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.85 and a beta of 0.55. The stock’s 50 day moving average price is $237.02 and its two-hundred day moving average price is $251.22. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly 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). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the company posted $3.70 EPS. The firm’s revenue was down 2.4% on a year-over-year basis. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $1.35 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

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.