Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 141,031 shares of the aerospace company's stock after selling 50,000 shares during the period. Hsbc Holdings PLC owned 0.36% of Huntington Ingalls Industries worth $26,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of HII. Barclays PLC raised its position in shares of Huntington Ingalls Industries by 54.1% during the 3rd 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. Virtu Financial LLC acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth about $1,838,000. Fulcrum Equity Management raised its position in shares of Huntington Ingalls Industries by 3.9% during the 3rd quarter. Fulcrum Equity Management now owns 2,114 shares of the aerospace company's stock worth $559,000 after purchasing an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth about $153,000. Finally, Tidal Investments LLC raised its position in shares of Huntington Ingalls Industries by 17.8% during the 3rd quarter. Tidal Investments LLC now owns 2,040 shares of the aerospace company's stock worth $539,000 after purchasing an additional 308 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Activity at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares of the company's stock, valued at approximately $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on HII shares. The Goldman Sachs Group raised shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and raised their target price for the stock from $145.00 to $234.00 in a research note on Friday, April 11th. Barclays dropped their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $231.11.

Huntington Ingalls Industries Trading Down 1.1 %

Shares of HII stock traded down $2.43 on Thursday, hitting $227.91. The stock had a trading volume of 1,061,460 shares, compared to its average volume of 525,058. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The firm has a market capitalization of $8.94 billion, a P/E ratio of 16.33, a P/E/G ratio of 1.15 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The company's 50 day moving average price is $201.54 and its 200-day moving average price is $200.52.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping 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 firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same period in the previous year, the firm posted $3.87 EPS. Huntington Ingalls Industries's revenue for the quarter was down 2.5% on a year-over-year basis. Analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.37%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.68%.

Huntington Ingalls Industries 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.