SVB Wealth LLC Sells 369 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

SVB Wealth LLC trimmed its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,040 shares of the aerospace company’s stock after selling 369 shares during the quarter. SVB Wealth LLC’s holdings in Huntington Ingalls Industries were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. bought a new stake in Huntington Ingalls Industries in the fourth quarter worth approximately $1,094,000. Raymond James & Associates increased its holdings in Huntington Ingalls Industries by 22.9% in the fourth quarter. Raymond James & Associates now owns 56,596 shares of the aerospace company’s stock worth $14,695,000 after purchasing an additional 10,539 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in Huntington Ingalls Industries in the fourth quarter worth approximately $9,360,000. Aviva PLC increased its holdings in Huntington Ingalls Industries by 1.9% in the third quarter. Aviva PLC now owns 54,141 shares of the aerospace company’s stock worth $11,076,000 after purchasing an additional 992 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Huntington Ingalls Industries by 0.6% in the third quarter. Thompson Siegel & Walmsley LLC now owns 492,959 shares of the aerospace company’s stock worth $100,850,000 after purchasing an additional 2,818 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Barclays raised their price objective on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 900 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $263.69, for a total transaction of $237,321.00. Following the transaction, the vice president now owns 19,100 shares of the company’s stock, valued at $5,036,479. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP D R. Wyatt sold 900 shares of Huntington Ingalls Industries stock in a transaction on Monday, February 5th. The stock was sold at an average price of $263.69, for a total transaction of $237,321.00. Following the sale, the vice president now directly owns 19,100 shares in the company, valued at $5,036,479. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP D R. Wyatt sold 500 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $288.56, for a total value of $144,280.00. Following the sale, the vice president now owns 18,600 shares in the company, valued at $5,367,216. The disclosure for this sale can be found here. Insiders have sold a total of 8,472 shares of company stock valued at $2,398,345 over the last 90 days. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.9 %

Shares of Huntington Ingalls Industries stock opened at $268.81 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.95. Huntington Ingalls Industries, Inc. has a 52 week low of $188.51 and a 52 week high of $299.50. The stock has a 50 day moving average price of $285.96 and a two-hundred day moving average price of $256.86. The stock has a market capitalization of $10.65 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 2.56 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $2.63. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. Huntington Ingalls Industries’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.07 earnings per share. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $5.20 annualized dividend and a dividend yield of 1.93%. Huntington Ingalls Industries’s payout ratio is 30.41%.

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.