Compass Wealth Management LLC Decreases Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Compass Wealth Management LLC reduced its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 48.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,100 shares of the aerospace company’s stock after selling 1,025 shares during the period. Compass Wealth Management LLC’s holdings in Huntington Ingalls Industries were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $29,000. Northwest Investment Counselors LLC acquired a new position in Huntington Ingalls Industries in the third quarter valued at $40,000. Truvestments Capital LLC purchased a new position in shares of Huntington Ingalls Industries during the third quarter worth about $42,000. Bruce G. Allen Investments LLC increased its position in shares of Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 85 shares in the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Huntington Ingalls Industries in the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HII. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a research note on Thursday, October 10th. The Goldman Sachs Group lowered their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Barclays reduced 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 report on Monday, November 4th. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, 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 research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Trading Down 0.8 %

Huntington Ingalls Industries stock opened at $202.60 on Friday. The stock has a 50-day moving average price of $194.16 and a 200 day moving average price of $234.29. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. The stock has a market cap of $7.93 billion, a PE ratio of 11.44, a P/E/G ratio of 1.85 and a beta of 0.56. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data 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). The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.70 EPS. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 14 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. Investors of record on Friday, November 29th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.67%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, November 29th. Huntington Ingalls Industries’s payout ratio is presently 30.49%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is currently owned by 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.