Rovin Capital UT ADV Sells 197 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Rovin Capital UT ADV trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,139 shares of the aerospace company’s stock after selling 197 shares during the quarter. Rovin Capital UT ADV’s holdings in Huntington Ingalls Industries were worth $404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Richard P Slaughter Associates Inc boosted its position in shares of Huntington Ingalls Industries by 2.3% in the 4th quarter. Richard P Slaughter Associates Inc now owns 6,830 shares of the aerospace company’s stock worth $1,291,000 after purchasing an additional 151 shares in the last quarter. SS&H Financial Advisors Inc. raised its stake in Huntington Ingalls Industries by 15.1% during the fourth quarter. SS&H Financial Advisors Inc. now owns 4,995 shares of the aerospace company’s stock valued at $944,000 after buying an additional 655 shares during the last quarter. Oak Thistle LLC boosted its holdings in Huntington Ingalls Industries by 8.5% in the fourth quarter. Oak Thistle LLC now owns 6,682 shares of the aerospace company’s stock worth $1,263,000 after acquiring an additional 526 shares in the last quarter. Signal Advisors Wealth LLC grew its stake in shares of Huntington Ingalls Industries by 49.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 6,247 shares of the aerospace company’s stock worth $1,181,000 after acquiring an additional 2,053 shares during the last quarter. Finally, Benson Investment Management Company Inc. bought a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at $5,185,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Trading Up 0.6 %

Shares of NYSE:HII opened at $198.59 on Thursday. The stock’s 50-day simple moving average is $193.72 and its two-hundred day simple moving average is $236.25. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 1.71 and a beta of 0.56. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79.

Huntington Ingalls Industries (NYSE:HII) last announced 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 business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the firm posted $3.70 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. Analysts expect that Huntington Ingalls Industries, Inc. will post 14.05 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $1.35 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HII shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of 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. Alembic Global Advisors lowered 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 report on Friday, November 1st. Barclays cut their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Bank of America decreased their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Finally, TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $228.89.

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.