Orion Investment Co Trims Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Orion Investment Co decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,676 shares of the aerospace company’s stock after selling 478 shares during the quarter. Huntington Ingalls Industries comprises 1.0% of Orion Investment Co’s holdings, making the stock its 25th biggest position. Orion Investment Co’s holdings in Huntington Ingalls Industries were worth $2,395,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Generali Asset Management SPA SGR acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $2,056,000. Assetmark Inc. raised its holdings in shares of Huntington Ingalls Industries by 2,154.9% in the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock worth $1,474,000 after purchasing an additional 7,456 shares during the period. Northcape Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at $3,642,000. Stifel Financial Corp increased its stake in Huntington Ingalls Industries by 36.6% during the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock worth $6,181,000 after buying an additional 6,253 shares during the period. Finally, O Keefe Stevens Advisory Inc. lifted its holdings in Huntington Ingalls Industries by 63.0% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock worth $655,000 after buying an additional 1,339 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was 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 in the company, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently 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 cut their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday, February 10th. Two investment 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 data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $221.22.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $199.05 on Friday. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $289.26. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The stock has a fifty day moving average price of $188.27 and a 200 day moving average price of $207.39. The company has a market cap of $7.81 billion, a P/E ratio of 14.26, a PEG ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 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%. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.35 per share. The ex-dividend date was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.71%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

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.