Charles Schwab Investment Management Inc. Lowers Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 356,316 shares of the aerospace company’s stock after selling 23,225 shares during the period. Charles Schwab Investment Management Inc. owned 0.91% of Huntington Ingalls Industries worth $94,203,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HII. Intech Investment Management LLC increased its holdings in Huntington Ingalls Industries by 88.0% during the third quarter. Intech Investment Management LLC now owns 15,746 shares of the aerospace company’s stock valued at $4,163,000 after buying an additional 7,372 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Huntington Ingalls Industries by 17.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 10,983 shares of the aerospace company’s stock valued at $2,904,000 after acquiring an additional 1,660 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Huntington Ingalls Industries by 25.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,866 shares of the aerospace company’s stock valued at $1,815,000 after acquiring an additional 1,400 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Huntington Ingalls Industries by 2.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 12,950 shares of the aerospace company’s stock worth $3,424,000 after acquiring an additional 334 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Huntington Ingalls Industries by 6.2% during the third quarter. Meeder Asset Management Inc. now owns 19,458 shares of the aerospace company’s stock valued at $5,144,000 after purchasing an additional 1,136 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on HII shares. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their target price for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Bank of America cut their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on 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. 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 report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $228.89.

Insider Transactions at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction on 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 directly owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.5 %

Huntington Ingalls Industries stock opened at $197.98 on Wednesday. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. The stock has a 50-day moving average price of $237.02 and a 200 day moving average price of $251.22. 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 company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55.

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 the consensus estimate of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the company earned $3.70 earnings per share. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 EPS 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. Stockholders of record on Friday, November 29th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s payout ratio is 30.49%.

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.