Atria Investments Inc Has $5.19 Million Holdings in Huntington Ingalls Industries, Inc. $HII

Atria Investments Inc lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 14.3% during the fourth quarter, Holdings Channel reports. The firm owned 15,247 shares of the aerospace company’s stock after selling 2,544 shares during the period. Atria Investments Inc’s holdings in Huntington Ingalls Industries were worth $5,185,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. lifted its position in shares of Huntington Ingalls Industries by 87.2% in the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 41 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. lifted its position in shares of Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the period. Versant Capital Management Inc lifted its position in shares of Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 60 shares during the period. Finally, Community Bank N.A. acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the transaction, the executive vice president directly owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. This represents a 46.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chad N. Boudreaux sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the transaction, the vice president directly owned 20,360 shares in the company, valued at approximately $8,601,082. This trade represents a 17.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.80% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Down 3.2%

Shares of Huntington Ingalls Industries stock opened at $326.01 on Friday. Huntington Ingalls Industries, Inc. has a one year low of $215.04 and a one year high of $460.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. The stock’s 50-day moving average is $383.51 and its 200 day moving average is $371.45. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.38 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the company earned $3.79 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.29 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Analyst Upgrades and Downgrades

HII has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. The Goldman Sachs Group upped their target price on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their target price for the company from $300.00 to $400.00 in a research report on Thursday, February 12th. Wells Fargo & Company initiated coverage on Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 target price on the stock. Finally, Weiss Ratings lowered Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $393.00.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.