Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 101,200 shares of the aerospace company’s stock after selling 16,000 shares during the quarter. Swiss National Bank’s holdings in Huntington Ingalls Industries were worth $19,124,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in Huntington Ingalls Industries by 2,154.9% in the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock valued at $1,474,000 after buying an additional 7,456 shares in the last quarter. Northcape Wealth Management LLC purchased a new position in Huntington Ingalls Industries in the fourth quarter valued at about $3,642,000. Stifel Financial Corp increased its holdings in 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 buying an additional 6,253 shares in the last quarter. O Keefe Stevens Advisory Inc. increased its holdings in 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 valued at $655,000 after buying an additional 1,339 shares in the last quarter. Finally, Essential Planning LLC. purchased a new position in Huntington Ingalls Industries in the fourth quarter valued at about $2,457,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on HII shares. Barclays dropped their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. The Goldman Sachs Group dropped their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $221.22.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction 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 owns 2,884 shares in the company, valued at $546,691.04. This trade represents a 20.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the acquisition, the director now owns 7,967 shares in the company, valued at $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Up 0.6 %

HII stock opened at $208.42 on Wednesday. The stock has a market capitalization of $8.18 billion, a P/E ratio of 14.93, a PEG ratio of 1.15 and a beta of 0.49. 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 one year low of $158.88 and a one year high of $294.81. The company has a 50 day moving average price of $187.06 and a two-hundred day moving average price of $211.96.

Huntington Ingalls Industries (NYSE:HII) last released its 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%. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.59%. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

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.