First Trust Advisors LP Has $82.33 Million Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

First Trust Advisors LP lowered its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 435,665 shares of the aerospace company's stock after selling 31,898 shares during the period. First Trust Advisors LP owned approximately 1.11% of Huntington Ingalls Industries worth $82,328,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Generali Asset Management SPA SGR bought a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $2,056,000. Assetmark Inc. lifted its holdings in shares of Huntington Ingalls Industries by 2,154.9% during the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock worth $1,474,000 after acquiring an additional 7,456 shares during the period. Northcape Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $3,642,000. O Keefe Stevens Advisory Inc. lifted its holdings in shares of Huntington Ingalls Industries by 63.0% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock worth $655,000 after acquiring an additional 1,339 shares during the period. Finally, Essential Planning LLC. bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $2,457,000. Institutional investors own 90.46% of the company's stock.

Insider Activity

In other news, CAO Nicolas G. Schuck sold 750 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was 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 $546,691.04. The trade was a 20.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries Trading Up 2.0 %

Shares of NYSE HII traded up $4.37 during trading on Friday, reaching $226.27. The company had a trading volume of 570,311 shares, compared to its average volume of 519,958. The company's fifty day moving average price is $198.20 and its 200-day moving average price is $200.32. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The stock has a market cap of $8.88 billion, a P/E ratio of 16.21, a PEG ratio of 1.15 and a beta of 0.34. 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 released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts' consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio is 38.68%.

Analysts Set New Price Targets

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

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.