Ameriprise Financial Inc. Has $37.24 Million Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Ameriprise Financial Inc. cut its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,089 shares of the aerospace company's stock after selling 18,020 shares during the quarter. Ameriprise Financial Inc. owned about 0.50% of Huntington Ingalls Industries worth $37,243,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC lifted its stake in Huntington Ingalls Industries by 54.1% during the third quarter. Barclays PLC now owns 137,004 shares of the aerospace company's stock worth $36,221,000 after purchasing an additional 48,113 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Huntington Ingalls Industries by 7.4% during the third quarter. Principal Financial Group Inc. now owns 139,248 shares of the aerospace company's stock worth $36,812,000 after acquiring an additional 9,634 shares during the period. Czech National Bank grew its holdings in Huntington Ingalls Industries by 6.2% during the fourth quarter. Czech National Bank now owns 8,484 shares of the aerospace company's stock worth $1,603,000 after acquiring an additional 496 shares during the period. Capital Investment Advisors LLC grew its holdings in Huntington Ingalls Industries by 10.7% in the fourth quarter. Capital Investment Advisors LLC now owns 8,006 shares of the aerospace company's stock valued at $1,513,000 after purchasing an additional 772 shares during the last quarter. Finally, Wedmont Private Capital grew its holdings in Huntington Ingalls Industries by 7.0% in the fourth quarter. Wedmont Private Capital now owns 1,962 shares of the aerospace company's stock valued at $373,000 after purchasing an additional 129 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Huntington Ingalls Industries

In related news, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the sale, the director now owns 17,485 shares of the company's stock, valued at approximately $4,066,661.30. The trade was a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the sale, the vice president now directly owns 9,581 shares in the company, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,010 shares of company stock worth $899,510 in the last three months. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HII. The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a report on Thursday. Finally, Barclays raised their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $244.56.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock traded up $1.83 during trading hours on Friday, hitting $229.99. The stock had a trading volume of 311,295 shares, compared to its average volume of 527,286. The company has a 50-day moving average of $212.88 and a two-hundred day moving average of $198.17. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The company has a market cap of $9.02 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Huntington Ingalls Industries's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.87 EPS. On average, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $1.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.35%. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

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.