Drucker Wealth 3.0 LLC Cuts Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Drucker Wealth 3.0 LLC cut its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 32.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,772 shares of the aerospace company's stock after selling 3,260 shares during the quarter. Drucker Wealth 3.0 LLC's holdings in Huntington Ingalls Industries were worth $1,280,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HII. Generali Asset Management SPA SGR bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $2,056,000. Assetmark Inc. boosted its position in Huntington Ingalls Industries by 2,154.9% in the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after buying an additional 7,456 shares in the last quarter. Northcape Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $3,642,000. Essential Planning LLC. bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $2,457,000. Finally, Integrated Quantitative Investments LLC acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter worth $283,000. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Trading Down 0.8%

HII stock traded down $1.80 during midday trading on Thursday, hitting $223.81. The stock had a trading volume of 527,573 shares, compared to its average volume of 532,229. The firm has a market cap of $8.78 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average price of $216.84 and a two-hundred day moving average price of $199.52.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the sale, the vice president now directly owns 9,581 shares in the company, valued at $2,221,929.71. This represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at $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. Insiders sold 4,010 shares of company stock worth $899,510 over the last quarter. 0.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HII has been the topic of several recent research reports. 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 report on Monday, May 5th. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group upped 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $236.38.

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.