Amalgamated Bank Decreases Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Amalgamated Bank decreased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,578 shares of the aerospace company’s stock after selling 155 shares during the period. Amalgamated Bank’s holdings in Huntington Ingalls Industries were worth $1,432,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue lifted its stake in Huntington Ingalls Industries by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 4,553 shares of the aerospace company’s stock valued at $1,203,000 after purchasing an additional 260 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Huntington Ingalls Industries by 2.6% in the third quarter. Nisa Investment Advisors LLC now owns 3,075 shares of the aerospace company’s stock valued at $813,000 after buying an additional 77 shares during the period. abrdn plc lifted its position in shares of Huntington Ingalls Industries by 10.8% during the 3rd quarter. abrdn plc now owns 14,583 shares of the aerospace company’s stock valued at $3,845,000 after buying an additional 1,420 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Huntington Ingalls Industries by 40.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the aerospace company’s stock worth $152,000 after acquiring an additional 167 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in Huntington Ingalls Industries by 114.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,361 shares of the aerospace company’s stock worth $1,153,000 after acquiring an additional 2,327 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $172.54 on Tuesday. The company’s 50 day simple moving average is $185.79 and its two-hundred day simple moving average is $218.19. The stock has a market capitalization of $6.75 billion, a PE ratio of 12.36, a P/E/G ratio of 1.15 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.

Insider Activity at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein bought 2,120 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HII. Barclays cut their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Bank of America cut 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 report on Wednesday, November 13th. Finally, The Goldman Sachs Group lowered their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $221.22.

Huntington Ingalls Industries 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.