First National Trust Co Sells 16,249 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

First National Trust Co lessened its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 87.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,358 shares of the aerospace company’s stock after selling 16,249 shares during the period. First National Trust Co’s holdings in Huntington Ingalls Industries were worth $446,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Diamond Hill Capital Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 132.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock worth $79,387,000 after acquiring an additional 239,688 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Huntington Ingalls Industries by 80.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 22,180 shares of the aerospace company’s stock valued at $4,191,000 after buying an additional 9,913 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in shares of Huntington Ingalls Industries by 7.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company’s stock valued at $85,637,000 after buying an additional 31,934 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Huntington Ingalls Industries by 47.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 7,865 shares of the aerospace company’s stock valued at $1,486,000 after buying an additional 2,546 shares during the period. Finally, Essential Planning LLC. bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $2,457,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 0.4 %

Shares of NYSE:HII opened at $196.34 on Friday. The company has a fifty day moving average of $186.27 and a 200-day moving average of $213.48. The company has a market capitalization of $7.70 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $294.81.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results 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 return on equity of 12.81% and a net margin of 4.77%. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.75%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays cut their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group cut their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $221.22.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the transaction, the director now directly 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 position. The disclosure for this purchase can be found here. 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.