Investors Research Corp Has $986,000 Position in Huntington Ingalls Industries, Inc. $HII

Investors Research Corp lessened its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 52.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,900 shares of the aerospace company’s stock after selling 3,175 shares during the period. Investors Research Corp’s holdings in Huntington Ingalls Industries were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in HII. Park Avenue Securities LLC raised its position in Huntington Ingalls Industries by 19.9% during the fourth quarter. Park Avenue Securities LLC now owns 1,834 shares of the aerospace company’s stock valued at $624,000 after purchasing an additional 304 shares in the last quarter. Union Bancaire Privee UBP SA boosted its holdings in shares of Huntington Ingalls Industries by 8.0% in the 4th quarter. Union Bancaire Privee UBP SA now owns 16,995 shares of the aerospace company’s stock valued at $5,779,000 after purchasing an additional 1,259 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Huntington Ingalls Industries by 5.7% in the 4th quarter. GAMMA Investing LLC now owns 3,037 shares of the aerospace company’s stock valued at $1,033,000 after purchasing an additional 165 shares during the last quarter. AIA Group Ltd bought a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $258,000. Finally, Allworth Financial LP raised its holdings in shares of Huntington Ingalls Industries by 66.4% during the 3rd quarter. Allworth Financial LP now owns 887 shares of the aerospace company’s stock worth $255,000 after buying an additional 354 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HII. TD Cowen upped their price objective on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. The Goldman Sachs Group increased their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Citigroup raised their price target on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $384.13.

Insider Transactions at Huntington Ingalls Industries

In related news, EVP Eric D. Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the transaction, the executive vice president directly owned 1,949 shares of the company’s stock, valued at $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the sale, the vice president owned 20,360 shares in the company, valued at $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Down 2.3%

Shares of NYSE HII opened at $418.00 on Friday. The firm has a 50 day moving average price of $420.71 and a two-hundred day moving average price of $345.53. The stock has a market cap of $16.40 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 1.75 and a beta of 0.32. Huntington Ingalls Industries, Inc. has a 52-week low of $177.42 and a 52-week high of $460.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the business earned $3.15 earnings per share. Huntington Ingalls Industries’s revenue was up 15.7% compared to the same quarter last year. As a group, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.3%. Huntington Ingalls Industries’s payout ratio is presently 35.91%.

Huntington Ingalls Industries Company 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.