Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lowered its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 33.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,511 shares of the aerospace company’s stock after selling 762 shares during the quarter. Foundry Partners LLC’s holdings in Huntington Ingalls Industries were worth $399,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Huntington Ingalls Industries in the second quarter valued at approximately $26,000. Kathleen S. Wright Associates Inc. acquired a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $29,000. Family Firm Inc. purchased a new stake in Huntington Ingalls Industries during the 2nd quarter worth $35,000. Rothschild Investment LLC acquired a new position in Huntington Ingalls Industries in the 2nd quarter worth $37,000. Finally, ORG Partners LLC boosted its position in Huntington Ingalls Industries by 484.6% in the 2nd quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock valued at $38,000 after buying an additional 126 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HII has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price target on 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. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $198.95 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The firm has a 50-day simple moving average of $238.34 and a 200 day simple moving average of $251.53. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The company has a market cap of $7.78 billion, a PE ratio of 11.23, a P/E/G ratio of 1.78 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the company posted $3.70 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.71%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

Insider Buying and Selling

In related 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 sale, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

About Huntington Ingalls Industries

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.