Colony Group LLC Decreases Stake in Huntington Ingalls Industries Inc (NYSE:HII)
Colony Group LLC lowered its stake in Huntington Ingalls Industries Inc (NYSE:HII) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,898 shares of the aerospace company’s stock after selling 275 shares during the quarter. Colony Group LLC’s holdings in Huntington Ingalls Industries were worth $3,738,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. USA Mutuals Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at about $2,224,000. Voya Investment Management LLC increased its position in Huntington Ingalls Industries by 3.8% during the 3rd quarter. Voya Investment Management LLC now owns 23,038 shares of the aerospace company’s stock valued at $4,879,000 after buying an additional 837 shares in the last quarter. State Street Corp increased its position in Huntington Ingalls Industries by 1.6% during the 3rd quarter. State Street Corp now owns 3,373,559 shares of the aerospace company’s stock valued at $714,486,000 after buying an additional 54,696 shares in the last quarter. Boston Partners increased its position in Huntington Ingalls Industries by 6.5% during the 3rd quarter. Boston Partners now owns 591,203 shares of the aerospace company’s stock valued at $125,247,000 after buying an additional 36,071 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in Huntington Ingalls Industries by 23.4% during the third quarter. Pictet Asset Management Ltd. now owns 29,550 shares of the aerospace company’s stock valued at $6,258,000 after buying an additional 5,610 shares during the last quarter. 87.67% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:HII opened at $177.44 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 0.94. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 13.37 and a beta of 1.29. The business has a 50-day simple moving average of $214.48 and a two-hundred day simple moving average of $234.82. Huntington Ingalls Industries Inc has a fifty-two week low of $147.14 and a fifty-two week high of $279.71.
The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 28th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Thursday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.41%.
Several research firms have commented on HII. Barclays reissued a “hold” rating and issued a $295.00 target price on shares of Huntington Ingalls Industries in a report on Thursday, January 23rd. Buckingham Research lowered Huntington Ingalls Industries from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $300.00 to $242.00 in a research report on Thursday, February 27th. Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating in a research report on Tuesday, February 18th. ValuEngine raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Finally, Credit Suisse Group lowered their price target on Huntington Ingalls Industries from $296.00 to $284.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus price target of $281.29.
In other news, VP D R. Wyatt sold 1,150 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $235.31, for a total transaction of $270,606.50. Following the completion of the sale, the vice president now owns 22,654 shares of the company’s stock, valued at approximately $5,330,712.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jerri F. Dickseski sold 1,874 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $268.69, for a total transaction of $503,525.06. Following the completion of the transaction, the vice president now owns 30,140 shares in the company, valued at approximately $8,098,316.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,038 shares of company stock valued at $1,192,198. Company insiders own 2.76% of the company’s stock.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.
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