Bokf Na Trims Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

BOKF NA lessened its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 31.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,180 shares of the aerospace company's stock after selling 4,668 shares during the quarter. BOKF NA's holdings in Huntington Ingalls Industries were worth $1,934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HII. Baird Financial Group Inc. grew its position in Huntington Ingalls Industries by 32.0% during the 4th quarter. Baird Financial Group Inc. now owns 5,658 shares of the aerospace company's stock valued at $1,069,000 after purchasing an additional 1,373 shares during the last quarter. Bastion Asset Management Inc. bought a new position in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $703,000. BNP Paribas Financial Markets raised its stake in Huntington Ingalls Industries by 64.3% during the 4th quarter. BNP Paribas Financial Markets now owns 136,441 shares of the aerospace company's stock worth $25,783,000 after acquiring an additional 53,395 shares during the period. AXA S.A. lifted its stake in shares of Huntington Ingalls Industries by 135.9% during the 4th quarter. AXA S.A. now owns 50,669 shares of the aerospace company's stock valued at $9,575,000 after buying an additional 29,188 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in Huntington Ingalls Industries during the 4th quarter valued at approximately $8,954,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on HII. Barclays lifted 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 report on Monday, May 5th. The Goldman Sachs Group lifted their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of "Hold" and an average target price of $238.44.

Huntington Ingalls Industries Trading Down 0.7%

NYSE:HII traded down $1.71 during midday trading on Monday, hitting $229.92. 530,116 shares of the company traded hands, compared to its average volume of 524,702. The firm has a market capitalization of $9.02 billion, a P/E ratio of 16.47, a P/E/G ratio of 1.15 and a beta of 0.31. The firm's fifty day moving average is $209.68 and its 200-day moving average is $198.33. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month 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.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share 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 for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the business posted $3.87 earnings per share. The company's revenue for the quarter was down 2.5% on a year-over-year basis. On average, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

Insider Buying and Selling

In other news, Director Thomas C. Schievelbein purchased 2,120 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the transaction, the director now owns 7,967 shares in the company, valued at $1,313,120.94. This represents a 36.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, 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 that occurred on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the transaction, the vice president now directly owns 9,581 shares in the company, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,010 shares of company stock valued at $899,510 over the last three months. 0.72% of the stock is owned by company insiders.

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.