Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,732 shares of the aerospace company’s stock after selling 240 shares during the period. Kentucky Retirement Systems’ holdings in Huntington Ingalls Industries were worth $722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HII. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Huntington Ingalls Industries during the 2nd quarter worth approximately $26,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $29,000. Evermay Wealth Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $31,000. Family Firm Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $35,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the stock in a transaction 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 completion of the sale, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a report on Thursday, October 10th. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Barclays lowered their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a report on Friday, November 1st. Finally, The Goldman Sachs Group reduced their target price 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. 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 company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Trading Down 2.4 %

Shares of Huntington Ingalls Industries stock opened at $191.61 on Wednesday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The firm has a market cap of $7.50 billion, a PE ratio of 10.82, a P/E/G ratio of 1.76 and a beta of 0.55. The business’s fifty day moving average is $242.21 and its two-hundred day moving average is $252.70. 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 (NYSE:HII) last released its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 16.89% and a net margin of 5.99%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.70 earnings per share. Analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.92 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared 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 is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Friday, November 29th. 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.