Swiss National Bank Sells 3,600 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Swiss National Bank trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 124,400 shares of the aerospace company’s stock after selling 3,600 shares during the quarter. Swiss National Bank’s holdings in Huntington Ingalls Industries were worth $32,299,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $25,000. Cranbrook Wealth Management LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter valued at $28,000. Turtle Creek Wealth Advisors LLC bought a new position in Huntington Ingalls Industries during the fourth quarter worth $30,000. Level Financial Advisors Inc. acquired a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at $43,000. Finally, Headlands Technologies LLC raised its position in shares of Huntington Ingalls Industries by 30.1% in the third quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 52 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 1,293 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the transaction, the chief accounting officer now owns 2,250 shares of the company’s stock, valued at $655,380. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CAO Nicolas G. Schuck sold 1,293 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $291.28, for a total value of $376,625.04. Following the transaction, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at $655,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP D R. Wyatt sold 500 shares of the company’s 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 of the company’s stock, valued at $5,367,216. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,572 shares of company stock valued at $2,161,024. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $248.57 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 2.32 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a twelve month low of $193.38 and a twelve month high of $299.50. The company has a 50-day simple moving average of $281.61 and a two-hundred day simple moving average of $262.20.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.50 by $0.37. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.23 earnings per share. Analysts forecast that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.09%. Huntington Ingalls Industries’s payout ratio is 29.31%.

Analyst Upgrades and Downgrades

HII has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. StockNews.com downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Barclays lifted their price target on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th.

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.