Huntington Ingalls Industries, Inc. (NYSE:HII) Position Lessened by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.7% during the 4th quarter, Holdings Channel reports. The fund owned 2,010 shares of the aerospace company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Yousif Capital Management LLC raised its stake in Huntington Ingalls Industries by 1.6% during the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock valued at $610,000 after acquiring an additional 52 shares in the last quarter. MML Investors Services LLC raised its stake in Huntington Ingalls Industries by 0.6% during the 3rd quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company’s stock valued at $3,004,000 after acquiring an additional 71 shares in the last quarter. 1834 Investment Advisors Co. raised its stake in Huntington Ingalls Industries by 3.9% during the 4th quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company’s stock valued at $365,000 after acquiring an additional 73 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Huntington Ingalls Industries by 1.5% during the 4th quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company’s stock valued at $989,000 after acquiring an additional 75 shares in the last quarter. Finally, Voya Financial Advisors Inc. raised its stake in Huntington Ingalls Industries by 2.9% during the 3rd quarter. Voya Financial Advisors Inc. now owns 2,800 shares of the aerospace company’s stock valued at $737,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein purchased 2,120 shares of the stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, the director now owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the transaction, the chief accounting officer now owns 2,884 shares in the company, valued at $546,691.04. This represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $208.42 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.15 and a beta of 0.49. The stock’s fifty day simple moving average is $187.06 and its 200 day simple moving average is $211.96. 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 issued its 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%. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.

Wall Street Analyst Weigh In

HII has been the topic of several recent analyst reports. Barclays cut their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Two equities 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $221.22.

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.