XTX Topco Ltd lessened its position in Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) by 60.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,398 shares of the aerospace company’s stock after selling 2,106 shares during the period. XTX Topco Ltd’s holdings in Huntington Ingalls Industries were worth $370,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of HII. Kathleen S. Wright Associates Inc. acquired a new position in shares of Huntington Ingalls Industries during the third quarter worth $29,000. Family Firm Inc. acquired a new position in Huntington Ingalls Industries during the 2nd quarter worth about $35,000. Rothschild Investment LLC bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $37,000. Northwest Investment Counselors LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at about $40,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at about $42,000. 90.46% of the stock is currently owned by institutional investors.
Insider Activity at Huntington Ingalls Industries
In related news, VP D R. Wyatt sold 400 shares of the company’s 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 completion of the sale, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.72% of the stock is owned by insiders.
Huntington Ingalls Industries Stock Up 3.2 %
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last issued its earnings results 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 firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the business earned $3.70 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 14.01 earnings per share for the current fiscal year.
Huntington Ingalls Industries Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.
Wall Street Analyst Weigh In
HII has been the topic of several analyst reports. Bank of America reduced their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a research report on Thursday, October 10th. Barclays decreased their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $228.89.
Get Our Latest Stock Report on Huntington Ingalls Industries
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.
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