Farmers & Merchants Investments Inc. decreased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,130 shares of the aerospace company’s stock after selling 72 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Huntington Ingalls Industries were worth $1,725,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in HII. Archer Investment Corp bought a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $756,000. Prairie Wealth Advisors Inc. increased its holdings in Huntington Ingalls Industries by 61.4% in the 4th quarter. Prairie Wealth Advisors Inc. now owns 1,524 shares of the aerospace company’s stock worth $288,000 after purchasing an additional 580 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Huntington Ingalls Industries by 2.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,747 shares of the aerospace company’s stock valued at $708,000 after purchasing an additional 87 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Huntington Ingalls Industries by 2.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 99,747 shares of the aerospace company’s stock valued at $18,849,000 after purchasing an additional 2,291 shares in the last quarter. Finally, Oakworth Capital Inc. grew its holdings in shares of Huntington Ingalls Industries by 1.3% during the fourth quarter. Oakworth Capital Inc. now owns 6,621 shares of the aerospace company’s stock worth $1,251,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Insider Buying and Selling at Huntington Ingalls Industries
In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the firm’s 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 completion of the sale, the vice president now owns 19,627 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.
Huntington Ingalls Industries Stock Up 5.6 %
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 15.14 earnings per share for the current year.
Huntington Ingalls Industries Dividend Announcement
The business 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 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on HII. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. Barclays cut 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 report on Monday, November 4th. The Goldman Sachs Group reduced 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 note on Friday, November 1st. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $228.89.
Get Our Latest Research Report on HII
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.
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