Twin City Private Wealth LLC Sells 496 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Twin City Private Wealth LLC decreased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,570 shares of the aerospace company’s stock after selling 496 shares during the quarter. Twin City Private Wealth LLC’s holdings in Huntington Ingalls Industries were worth $864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter valued at about $42,000. EverSource Wealth Advisors LLC raised its holdings in shares of Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $60,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $48,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $70,000. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the transaction, the director now owns 7,967 shares of the company’s stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group cut their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Two equities research 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $201.46 on Monday. The company’s fifty day moving average price is $187.89 and its 200 day moving average price is $210.39. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $294.24. The company has a market capitalization of $7.90 billion, a PE ratio of 14.43, a price-to-earnings-growth 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 (NYSE:HII) last announced its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

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.