New York Life Investment Management LLC Sells 198 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

New York Life Investment Management LLC lowered its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,133 shares of the aerospace company’s stock after selling 198 shares during the quarter. New York Life Investment Management LLC’s holdings in Huntington Ingalls Industries were worth $970,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Cutter & CO Brokerage Inc. boosted its position in Huntington Ingalls Industries by 26.4% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 5,574 shares of the aerospace company’s stock valued at $1,053,000 after acquiring an additional 1,165 shares during the last quarter. Pinnacle West Asset Management Inc. boosted its position in Huntington Ingalls Industries by 10.4% during the fourth quarter. Pinnacle West Asset Management Inc. now owns 1,430 shares of the aerospace company’s stock valued at $270,000 after acquiring an additional 135 shares during the last quarter. Todd Asset Management LLC boosted its position in Huntington Ingalls Industries by 33.0% during the fourth quarter. Todd Asset Management LLC now owns 105,725 shares of the aerospace company’s stock valued at $19,979,000 after acquiring an additional 26,229 shares during the last quarter. B&D White Capital Company LLC bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at $321,000. Finally, BCGM Wealth Management LLC bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at $1,134,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 1.7 %

HII opened at $172.54 on Tuesday. 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 fifty-two week low of $158.88 and a fifty-two week high of $299.50. The firm 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’s 50-day moving average is $185.79 and its 200 day moving average is $218.19.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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%. As a group, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently weighed in on HII. Bank of America dropped their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. The Goldman Sachs Group dropped their price objective 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. Finally, Barclays dropped their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $221.22.

Insider Buying and Selling

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.72% of the stock is currently owned by company insiders.

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.