Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. lowered its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 17,141 shares of the aerospace company’s stock after selling 755 shares during the quarter. Navellier & Associates Inc.’s holdings in Huntington Ingalls Industries were worth $4,532,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its holdings in Huntington Ingalls Industries by 90.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,917 shares of the aerospace company’s stock worth $3,182,000 after acquiring an additional 5,170 shares during the period. UniSuper Management Pty Ltd lifted its position in shares of Huntington Ingalls Industries by 533.7% during the first quarter. UniSuper Management Pty Ltd now owns 3,606 shares of the aerospace company’s stock worth $1,051,000 after purchasing an additional 3,037 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Huntington Ingalls Industries by 372.5% in the first quarter. Bessemer Group Inc. now owns 7,144 shares of the aerospace company’s stock valued at $2,082,000 after purchasing an additional 5,632 shares during the period. National Bank of Canada FI grew its holdings in Huntington Ingalls Industries by 594.3% during the 1st quarter. National Bank of Canada FI now owns 64,334 shares of the aerospace company’s stock valued at $18,751,000 after purchasing an additional 55,068 shares in the last quarter. Finally, Pitcairn Co. increased its stake in Huntington Ingalls Industries by 5.3% during the 1st quarter. Pitcairn Co. now owns 1,056 shares of the aerospace company’s stock worth $308,000 after buying an additional 53 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Trading Down 0.7 %

Huntington Ingalls Industries stock opened at $190.25 on Thursday. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50. The firm’s 50-day moving average is $240.86 and its 200-day moving average is $252.26. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The company has a market cap of $7.44 billion, a P/E ratio of 10.74, a PEG ratio of 1.78 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.70 EPS. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 14.63 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $1.35 per share. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

Analyst Ratings Changes

A number of equities analysts have weighed in on HII shares. The Goldman Sachs Group decreased their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target for the company. in a report on Friday, November 1st. Barclays lowered their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $228.89.

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.