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

Drucker Wealth 3.0 LLC lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 32.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,772 shares of the aerospace company's stock after selling 3,260 shares during the period. Drucker Wealth 3.0 LLC's holdings in Huntington Ingalls Industries were worth $1,280,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Huntington Ingalls Industries by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock valued at $950,391,000 after buying an additional 14,988 shares during the period. Geode Capital Management LLC boosted its holdings in Huntington Ingalls Industries by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock valued at $197,677,000 after acquiring an additional 29,670 shares during the last quarter. Earnest Partners LLC increased its position in Huntington Ingalls Industries by 32.6% during the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock valued at $157,216,000 after purchasing an additional 204,376 shares during the period. Dimensional Fund Advisors LP increased its position in Huntington Ingalls Industries by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock valued at $109,316,000 after purchasing an additional 77,718 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its holdings in Huntington Ingalls Industries by 7.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company's stock worth $85,637,000 after purchasing an additional 31,934 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Up 1.4%

HII traded up $3.17 during midday trading on Tuesday, hitting $227.91. The company had a trading volume of 365,872 shares, compared to its average volume of 531,959. The stock's 50 day moving average price is $215.84 and its 200 day moving average price is $199.14. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.15 and a beta of 0.31. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

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

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.37%. Huntington Ingalls Industries's dividend payout ratio is 38.90%.

Insider Activity

In related news, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the sale, the director now owns 17,485 shares of the company's stock, valued at approximately $4,066,661.30. This trade represents a 10.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the transaction, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,010 shares of company stock worth $899,510 over the last quarter. 0.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HII has been the topic of a number of analyst reports. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a research note on Thursday, May 15th. Barclays upped their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group lifted their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.