Huntington Ingalls Industries, Inc. (NYSE:HII) Position Lessened by Burney Co.

Burney Co. reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 30.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,578 shares of the aerospace company’s stock after selling 5,433 shares during the quarter. Burney Co.’s holdings in Huntington Ingalls Industries were worth $2,377,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its position in shares of Huntington Ingalls Industries by 36.6% during the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock worth $6,181,000 after acquiring an additional 6,253 shares during the last quarter. CWM LLC boosted its stake in Huntington Ingalls Industries by 142.8% during the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock valued at $1,388,000 after purchasing an additional 3,088 shares during the period. Old North State Wealth Management LLC grew its position in Huntington Ingalls Industries by 60.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock worth $3,122,000 after purchasing an additional 4,450 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Huntington Ingalls Industries by 45.3% in the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock valued at $80,886,000 after purchasing an additional 95,324 shares during the period. Finally, Diamond Hill Capital Management Inc. bought a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $47,698,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. The Goldman Sachs Group lowered their price target 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. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Bank of America lowered their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. Finally, Barclays dropped their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $198.59 on Thursday. 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 50-day moving average of $193.81 and a 200-day moving average of $236.51. Huntington Ingalls Industries, Inc. has a twelve month low of $184.29 and a twelve month high of $299.50. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.70 earnings per share. Analysts forecast that Huntington Ingalls Industries, Inc. will post 14.01 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $1.35 per share. The ex-dividend date was Friday, November 29th. 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%. Huntington Ingalls Industries’s payout ratio is 30.49%.

Insider Activity

In other Huntington Ingalls Industries 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by company insiders.

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.