Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 50.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,494 shares of the aerospace company's stock after selling 3,623 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Huntington Ingalls Industries were worth $660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HII. Barclays PLC grew its position in shares of Huntington Ingalls Industries by 54.1% in the third quarter. Barclays PLC now owns 137,004 shares of the aerospace company's stock valued at $36,221,000 after purchasing an additional 48,113 shares in the last quarter. Tidal Investments LLC grew its holdings in Huntington Ingalls Industries by 17.8% in the 3rd quarter. Tidal Investments LLC now owns 2,040 shares of the aerospace company's stock valued at $539,000 after buying an additional 308 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Huntington Ingalls Industries by 7.4% in the 3rd quarter. Principal Financial Group Inc. now owns 139,248 shares of the aerospace company's stock valued at $36,812,000 after buying an additional 9,634 shares in the last quarter. Czech National Bank increased its stake in shares of Huntington Ingalls Industries by 6.2% in the 4th quarter. Czech National Bank now owns 8,484 shares of the aerospace company's stock worth $1,603,000 after acquiring an additional 496 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its holdings in shares of Huntington Ingalls Industries by 10.7% during the 4th quarter. Capital Investment Advisors LLC now owns 8,006 shares of the aerospace company's stock worth $1,513,000 after acquiring an additional 772 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Trading Down 1.4%

HII stock traded down $3.14 during mid-day trading on Wednesday, hitting $222.59. 519,211 shares of the company were exchanged, compared to its average volume of 525,502. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The firm has a market capitalization of $8.73 billion, a P/E ratio of 15.94, a PEG ratio of 1.15 and a beta of 0.31. The business has a fifty day simple moving average of $211.04 and a 200-day simple moving average of $198.36. 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 posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping 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 firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter last year, the company posted $3.87 EPS. The firm's quarterly revenue was down 2.5% on a year-over-year basis. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $1.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.43%. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HII. The Goldman Sachs Group upped their price objective 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. Barclays increased 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 research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $238.44.

Insider Buying and Selling

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the sale, the director now directly owns 17,485 shares in the company, valued at $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas C. Schievelbein purchased 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the transaction, the director now directly owns 7,967 shares of the company's stock, valued at approximately $1,313,120.94. This represents a 36.26% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 4,010 shares of company stock valued at $899,510. Corporate insiders own 0.72% of the company's stock.

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.