KBC Group NV Has $290,000 Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

KBC Group NV trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 67.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,420 shares of the aerospace company's stock after selling 2,913 shares during the period. KBC Group NV's holdings in Huntington Ingalls Industries were worth $290,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR acquired a new stake in Huntington Ingalls Industries in the fourth quarter worth approximately $2,056,000. Assetmark Inc. lifted 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 worth $1,474,000 after purchasing an additional 7,456 shares during the period. Essential Planning LLC. acquired a new stake in Huntington Ingalls Industries in the fourth quarter worth approximately $2,457,000. Integrated Quantitative Investments LLC acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at $283,000. Finally, Allstate Corp acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at $237,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Huntington Ingalls Industries

In other news, Director Anastasi D. Kelly sold 1,960 shares of the company's 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 transaction, the director directly owned 17,485 shares of the company's stock, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Chad N. Boudreaux sold 1,965 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the transaction, the vice president directly owned 21,228 shares in the company, valued at $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Stock Down 1.5%

Shares of HII traded down $3.81 during mid-day trading on Tuesday, reaching $249.72. The company's stock had a trading volume of 213,835 shares, compared to its average volume of 556,577. The business has a fifty day moving average of $231.67 and a 200 day moving average of $207.27. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.59 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 quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its 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 company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The company's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.87 earnings per share. As a group, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HII shares. 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 report on Friday, May 2nd. Barclays increased their price objective on 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, Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.