Manning & Napier Advisors LLC Sells 4,174 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Manning & Napier Advisors LLC reduced its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 40.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,204 shares of the aerospace company’s stock after selling 4,174 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,172,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HII. Public Sector Pension Investment Board lifted its position in shares of Huntington Ingalls Industries by 63.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 1,523 shares of the aerospace company’s stock worth $375,000 after buying an additional 592 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Huntington Ingalls Industries by 2.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,927 shares of the aerospace company’s stock worth $7,618,000 after purchasing an additional 736 shares in the last quarter. Truist Financial Corp increased its holdings in Huntington Ingalls Industries by 1.7% in the 2nd quarter. Truist Financial Corp now owns 4,620 shares of the aerospace company’s stock worth $1,138,000 after purchasing an additional 78 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Huntington Ingalls Industries by 34.7% in the second quarter. Cetera Investment Advisers now owns 16,687 shares of the aerospace company’s stock valued at $4,111,000 after buying an additional 4,295 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Huntington Ingalls Industries in the second quarter valued at about $1,453,000. 90.46% of the stock is currently owned by institutional investors.

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 stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This 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 accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Up 1.4 %

Shares of Huntington Ingalls Industries stock opened at $195.54 on Friday. The stock’s 50-day moving average is $194.44 and its 200 day moving average is $232.87. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.85 and a beta of 0.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. Huntington Ingalls Industries, Inc. has a one year low of $184.29 and a one year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly 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). The firm had revenue of $2.75 billion during 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 firm’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.70 EPS. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 14 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.76%. Huntington Ingalls Industries’s payout ratio is currently 30.49%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HII. The Goldman Sachs Group decreased their price target on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research note on Friday, November 1st. 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. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Finally, Barclays decreased their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Two 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.