Townsquare Capital LLC Sells 3,440 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Townsquare Capital LLC lessened its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 31.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,453 shares of the aerospace company’s stock after selling 3,440 shares during the period. Townsquare Capital LLC’s holdings in Huntington Ingalls Industries were worth $1,408,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Generali Asset Management SPA SGR acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $2,056,000. Assetmark Inc. raised its position in shares of 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 acquiring an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $3,642,000. O Keefe Stevens Advisory Inc. boosted its position in shares of Huntington Ingalls Industries by 63.0% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock worth $655,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Essential Planning LLC. acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $2,457,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the stock in a transaction on Thursday, February 13th. The shares were bought 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 in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Up 1.7 %

Shares of HII stock opened at $219.22 on Friday. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.15 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The firm has a fifty day moving average of $191.50 and a 200-day moving average of $202.70. 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) last released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, equities research analysts predict 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 was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.68%.

Analyst Ratings Changes

HII has been the topic of a number of recent analyst reports. Barclays reduced their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $234.00 in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $231.11.

About Huntington Ingalls Industries

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.