Burney Co. Cuts Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Burney Co. reduced its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 30.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,578 shares of the aerospace company’s stock after selling 5,433 shares during the period. Burney Co.’s holdings in Huntington Ingalls Industries were worth $2,377,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after acquiring an additional 863,800 shares in the last quarter. AQR Capital Management LLC boosted its position in Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after purchasing an additional 215,362 shares during the period. FMR LLC boosted its position in Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after purchasing an additional 187,411 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in Huntington Ingalls Industries in the 3rd quarter valued at $47,698,000. Finally, Sound Shore Management Inc. CT raised its position in Huntington Ingalls Industries by 50.7% in the second quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock valued at $85,104,000 after purchasing an additional 116,180 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

HII has been the subject of several analyst reports. TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Bank of America reduced their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Barclays lowered their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, The Goldman Sachs Group dropped their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $228.89.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Up 0.6 %

HII opened at $198.59 on Thursday. Huntington Ingalls Industries, Inc. has a 12-month low of $184.29 and a 12-month high of $299.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The stock has a market capitalization of $7.77 billion, a PE ratio of 11.21, a P/E/G ratio of 1.86 and a beta of 0.56. The firm’s fifty day moving average price is $193.81 and its 200 day moving average price is $236.51.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm posted $3.70 EPS. Huntington Ingalls Industries’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 30.49%.

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.