Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. trimmed its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.2% during the third quarter, Holdings Channel reports. The firm owned 1,859 shares of the aerospace company’s stock after selling 102 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Huntington Ingalls Industries were worth $491,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. QRG Capital Management Inc. lifted its stake in Huntington Ingalls Industries by 1.4% during the 3rd quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock worth $939,000 after acquiring an additional 48 shares in the last quarter. Old North State Wealth Management LLC lifted its position in shares of Huntington Ingalls Industries by 60.6% during the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock worth $3,122,000 after purchasing an additional 4,450 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Huntington Ingalls Industries by 6.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 54,580 shares of the aerospace company’s stock valued at $14,430,000 after purchasing an additional 3,073 shares during the period. Van ECK Associates Corp grew its holdings in shares of Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after purchasing an additional 863,800 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Huntington Ingalls Industries by 114.4% in the third quarter. Harbor Capital Advisors Inc. now owns 4,361 shares of the aerospace company’s stock valued at $1,153,000 after purchasing an additional 2,327 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Vertical Research cut shares of 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. Deutsche Bank Aktiengesellschaft cut their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a report on Friday, November 1st. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $233.13.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $203.21 on Thursday. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.67 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average price of $257.23 and a 200 day moving average price of $257.67.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the company posted $3.70 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Research analysts predict that Huntington Ingalls Industries, Inc. will post 16.49 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.66%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s payout ratio is 29.36%.

About Huntington Ingalls Industries

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.