Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors cut its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 27.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,353 shares of the aerospace company's stock after selling 1,674 shares during the quarter. Captrust Financial Advisors' holdings in Huntington Ingalls Industries were worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC increased its holdings in 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 period. Czech National Bank grew its position in shares of Huntington Ingalls Industries by 6.2% during the fourth quarter. Czech National Bank now owns 8,484 shares of the aerospace company's stock worth $1,603,000 after buying an additional 496 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Huntington Ingalls Industries by 19.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,090 shares of the aerospace company's stock worth $773,000 after buying an additional 674 shares during the period. Carnegie Investment Counsel raised its holdings in Huntington Ingalls Industries by 10.2% in the fourth quarter. Carnegie Investment Counsel now owns 4,010 shares of the aerospace company's stock valued at $758,000 after acquiring an additional 371 shares in the last quarter. Finally, Werlinich Asset Management LLC lifted its stake in Huntington Ingalls Industries by 20.8% in the fourth quarter. Werlinich Asset Management LLC now owns 3,110 shares of the aerospace company's stock worth $586,000 after acquiring an additional 535 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Performance

HII traded down $1.27 during trading on Tuesday, hitting $228.08. 420,442 shares of the stock were exchanged, compared to its average volume of 527,839. 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, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The stock has a fifty day moving average price of $213.62 and a two-hundred day moving average price of $198.18. The firm has a market capitalization of $8.95 billion, a P/E ratio of 16.34, a PEG ratio of 1.15 and a beta of 0.31.

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

Huntington Ingalls Industries Announces Dividend

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

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the business's stock in a transaction 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 transaction, the chief accounting officer now directly owns 2,884 shares of the company's stock, valued at approximately $546,691.04. The trade was a 20.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total transaction of $455,856.80. Following the transaction, the director now owns 17,485 shares of the company's stock, valued at approximately $4,066,661.30. The trade was a 10.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,010 shares of company stock worth $899,510 over the last 90 days. 0.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HII. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a report on Thursday, May 15th. Barclays upped their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group upped their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $244.56.

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.