Marks Group Wealth Management Inc Sells 2,489 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Marks Group Wealth Management Inc reduced its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 49.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,544 shares of the aerospace company’s stock after selling 2,489 shares during the period. Marks Group Wealth Management Inc’s holdings in Huntington Ingalls Industries were worth $481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HII. Northwest Investment Counselors LLC acquired a new stake in Huntington Ingalls Industries in the third quarter valued at approximately $40,000. Truvestments Capital LLC acquired a new position in shares of Huntington Ingalls Industries during the third quarter worth $42,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at $48,000. Bruce G. Allen Investments LLC boosted its position in shares of Huntington Ingalls Industries by 43.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 85 shares in the last quarter. Finally, True Wealth Design LLC purchased a new position in Huntington Ingalls Industries during the 3rd quarter worth $60,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the subject of a number of research analyst reports. 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 note on Friday, November 1st. Bank of America decreased their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. TD Cowen downgraded shares of 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. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries Stock Down 2.6 %

NYSE:HII opened at $163.37 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 0.73. The company’s fifty day moving average price is $191.27 and its 200-day moving average price is $227.12. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $299.50. The firm has a market capitalization of $6.39 billion, a P/E ratio of 11.70, a PEG ratio of 1.43 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 15.14 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

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.