Janney Montgomery Scott LLC trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) by 4.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,833 shares of the aerospace company’s stock after selling 220 shares during the period. Janney Montgomery Scott LLC’s holdings in Huntington Ingalls Industries were worth $1,278,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in HII. Thurston Springer Miller Herd & Titak Inc. bought a new position in Huntington Ingalls Industries during the second quarter valued at $26,000. Kathleen S. Wright Associates Inc. purchased a new stake in Huntington Ingalls Industries in the third quarter worth about $29,000. Evermay Wealth Management LLC bought a new position in Huntington Ingalls Industries during the 1st quarter worth about $31,000. Family Firm Inc. purchased a new position in Huntington Ingalls Industries during the 2nd quarter valued at about $35,000. Finally, Rothschild Investment LLC bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $37,000. 90.46% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related 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 transaction of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares in the company, valued at $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 the SEC website. Insiders own 0.72% of the company’s stock.
Huntington Ingalls Industries Trading Down 4.2 %
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last posted its quarterly 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). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the business posted $3.70 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 15.41 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. Investors of record on Friday, November 29th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 29.36%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on HII shares. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group decreased their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research report on Friday, November 1st. Finally, Barclays lowered their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Two equities 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $228.89.
Get Our Latest Stock Report on HII
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.
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