Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 73.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,445 shares of the aerospace company's stock after selling 3,905 shares during the quarter. Tower Research Capital LLC TRC's holdings in Huntington Ingalls Industries were worth $273,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR bought a new position in Huntington Ingalls Industries during the fourth quarter valued at approximately $2,056,000. Assetmark Inc. grew its holdings in Huntington Ingalls Industries by 2,154.9% during the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after purchasing an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth approximately $3,642,000. O Keefe Stevens Advisory Inc. boosted its stake in shares of Huntington Ingalls Industries by 63.0% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock valued at $655,000 after purchasing an additional 1,339 shares during the period. Finally, Essential Planning LLC. bought a new position in Huntington Ingalls Industries in the 4th quarter worth about $2,457,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII traded down $0.16 during midday trading on Tuesday, reaching $233.02. The company had a trading volume of 504,338 shares, compared to its average volume of 522,272. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The business's 50-day simple moving average is $206.19 and its 200 day simple moving average is $199.27. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The stock has a market cap of $9.14 billion, a P/E ratio of 16.69, a P/E/G ratio of 1.15 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business earned $3.87 earnings per share. The company's revenue was down 2.5% compared to the same quarter last year. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.32%. Huntington Ingalls Industries's payout ratio is 38.68%.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. This represents a 20.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was bought at an average price 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. This trade represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HII has been the subject of several recent research reports. Barclays boosted their price target on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Monday. The Goldman Sachs Group raised 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $238.44.

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.