Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lowered its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 9.4% in the fourth quarter, Holdings Channel reports. The firm owned 18,121 shares of the aerospace company’s stock after selling 1,883 shares during the quarter. National Bank of Canada FI’s holdings in Huntington Ingalls Industries were worth $3,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of HII. Public Sector Pension Investment Board raised its holdings in shares of Huntington Ingalls Industries by 13.1% in the third quarter. Public Sector Pension Investment Board now owns 1,723 shares of the aerospace company’s stock valued at $456,000 after buying an additional 200 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Huntington Ingalls Industries by 3.5% in the 3rd quarter. Janus Henderson Group PLC now owns 6,069 shares of the aerospace company’s stock valued at $1,604,000 after purchasing an additional 207 shares during the last quarter. IHT Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at approximately $248,000. Stifel Financial Corp grew its position in Huntington Ingalls Industries by 36.6% in the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock valued at $6,181,000 after buying an additional 6,253 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Huntington Ingalls Industries by 7.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,050 shares of the aerospace company’s stock valued at $1,599,000 after buying an additional 406 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on HII shares. Barclays dropped their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group decreased their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Two 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’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $221.22.

Huntington Ingalls Industries Stock Down 0.9 %

Shares of NYSE:HII opened at $183.30 on Tuesday. The company has a market capitalization of $7.19 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.15 and a beta of 0.34. The stock’s fifty day simple moving average is $187.53 and its 200-day simple moving average is $205.38. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $287.56. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results 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 research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.95%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

Insiders Place Their Bets

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the acquisition, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

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.