Huntington Ingalls Industries, Inc. (NYSE:HII) Position Cut by Investment Management Corp of Ontario

Investment Management Corp of Ontario lowered its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 87.2% during the 3rd quarter, Holdings Channel reports. The fund owned 1,256 shares of the aerospace company’s stock after selling 8,589 shares during the period. Investment Management Corp of Ontario’s holdings in Huntington Ingalls Industries were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the business. Kathleen S. Wright Associates Inc. acquired a new stake in Huntington Ingalls Industries in the third quarter worth about $29,000. Family Firm Inc. acquired a new position in shares of Huntington Ingalls Industries during the second quarter valued at approximately $35,000. Rothschild Investment LLC bought a new stake in Huntington Ingalls Industries during the second quarter worth approximately $37,000. ORG Partners LLC boosted its stake in Huntington Ingalls Industries by 484.6% during the 2nd quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 126 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at $40,000. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HII. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price target for the company from $280.00 to $285.00 in a report on Monday, September 9th. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report 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 report on Thursday, October 10th. Finally, Bank of America lowered their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. 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’s stock. According to MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $228.89.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares of the company’s stock, 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 can be accessed through the SEC website. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Trading Down 0.5 %

NYSE HII opened at $187.95 on Friday. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.35 billion, a PE ratio of 10.61, a P/E/G ratio of 1.83 and a beta of 0.55. The stock has a 50-day simple moving average of $224.52 and a 200 day simple moving average of $247.51.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS 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 firm 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 firm earned $3.70 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. Research analysts forecast that Huntington Ingalls Industries, Inc. will post 14.31 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm 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 dividend of $1.35 per share. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.40 annualized dividend and a yield of 2.87%. Huntington Ingalls Industries’s dividend payout ratio (DPR) 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.