Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. cut its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,141 shares of the aerospace company’s stock after selling 755 shares during the quarter. Navellier & Associates Inc.’s holdings in Huntington Ingalls Industries were worth $4,532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HII. O Shaughnessy Asset Management LLC grew its stake in shares of Huntington Ingalls Industries by 90.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,917 shares of the aerospace company’s stock worth $3,182,000 after purchasing an additional 5,170 shares during the period. UniSuper Management Pty Ltd boosted its stake in shares of Huntington Ingalls Industries by 533.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 3,606 shares of the aerospace company’s stock worth $1,051,000 after acquiring an additional 3,037 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Huntington Ingalls Industries by 372.5% in the 1st quarter. Bessemer Group Inc. now owns 7,144 shares of the aerospace company’s stock worth $2,082,000 after acquiring an additional 5,632 shares during the period. National Bank of Canada FI increased its stake in Huntington Ingalls Industries by 594.3% in the 1st quarter. National Bank of Canada FI now owns 64,334 shares of the aerospace company’s stock valued at $18,751,000 after purchasing an additional 55,068 shares in the last quarter. Finally, Pitcairn Co. increased its stake in Huntington Ingalls Industries by 5.3% in the 1st quarter. Pitcairn Co. now owns 1,056 shares of the aerospace company’s stock valued at $308,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity

In other news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Barclays cut their target price on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price target for the company from $280.00 to $285.00 in a research report on Monday, September 9th. TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $190.25 on Thursday. The business has a fifty day simple moving average of $240.86 and a 200-day simple moving average of $252.26. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. The company has a market cap of $7.44 billion, a P/E ratio of 10.74, a P/E/G ratio of 1.78 and a beta of 0.55. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 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 during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the firm earned $3.70 EPS. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 14.63 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business 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 $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 30.49%.

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.