Fiduciary Family Office LLC Sells 356 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Fiduciary Family Office LLC decreased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,204 shares of the aerospace company’s stock after selling 356 shares during the quarter. Fiduciary Family Office LLC’s holdings in Huntington Ingalls Industries were worth $583,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HII. Van ECK Associates Corp boosted its stake in Huntington Ingalls Industries by 94.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after buying an additional 863,800 shares in the last quarter. AQR Capital Management LLC boosted its stake in Huntington Ingalls Industries by 41.6% in the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after purchasing an additional 215,362 shares in the last quarter. American Century Companies Inc. boosted its stake in Huntington Ingalls Industries by 42.1% in the second quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock worth $116,706,000 after purchasing an additional 140,338 shares in the last quarter. Sound Shore Management Inc. CT boosted its stake in Huntington Ingalls Industries by 50.7% in the second quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock worth $85,104,000 after purchasing an additional 116,180 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Huntington Ingalls Industries by 50.9% in the second quarter. Hsbc Holdings PLC now owns 289,434 shares of the aerospace company’s stock worth $71,418,000 after purchasing an additional 97,646 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Vertical Research lowered 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. Finally, Barclays reduced their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $233.13.

Huntington Ingalls Industries Trading Up 1.2 %

Shares of HII opened at $193.24 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 12-month low of $184.29 and a 12-month high of $299.50. The firm has a market capitalization of $7.56 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.65 and a beta of 0.55. The stock’s fifty day simple moving average is $258.90 and its 200-day simple moving average is $258.22.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $3.70 EPS. As a group, research analysts predict that Huntington Ingalls Industries, Inc. will post 16.49 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 issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio is currently 29.36%.

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.