Gulf International Bank UK Ltd Decreases Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Gulf International Bank UK Ltd reduced its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,101 shares of the aerospace company’s stock after selling 95 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Huntington Ingalls Industries were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of HII. Van ECK Associates Corp increased its stake in shares of Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after purchasing an additional 863,800 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at $36,191,000. FMR LLC raised its stake in Huntington Ingalls Industries by 5.6% in the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after purchasing an additional 187,411 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new position in Huntington Ingalls Industries in the 3rd quarter valued at about $47,698,000. Finally, JPMorgan Chase & Co. raised its position in shares of Huntington Ingalls Industries by 45.3% in the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock valued at $80,886,000 after buying an additional 95,324 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $175.46 on Monday. The firm has a 50-day moving average of $186.15 and a 200-day moving average of $218.87. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $299.50. The company has a market cap of $6.87 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. As a group, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 3.08%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

Analysts Set New Price Targets

A number of research firms recently issued reports on HII. The Goldman Sachs Group lowered their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Bank of America lowered their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. Finally, Barclays cut their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $221.22.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the transaction, the director now owns 7,967 shares in the company, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Company 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.