Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Bokf Na

Bokf Na lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 31.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,180 shares of the aerospace company’s stock after selling 4,668 shares during the period. Bokf Na’s holdings in Huntington Ingalls Industries were worth $1,934,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HII. Barclays PLC increased its stake in Huntington Ingalls Industries by 54.1% during the third quarter. Barclays PLC now owns 137,004 shares of the aerospace company’s stock worth $36,221,000 after acquiring an additional 48,113 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Huntington Ingalls Industries during the 3rd quarter worth approximately $153,000. Tidal Investments LLC raised its holdings in Huntington Ingalls Industries by 17.8% in the third 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 during the period. Principal Financial Group Inc. lifted its position in Huntington Ingalls Industries by 7.4% during the third 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. Finally, GAMMA Investing LLC boosted its position in Huntington Ingalls Industries by 73.5% during the 4th quarter. GAMMA Investing LLC now owns 654 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 277 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the transaction, the chief accounting officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries 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 owns 17,485 shares in the company, valued at approximately $4,066,661.30. This represents a 10.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,010 shares of company stock worth $899,510 in the last ninety days. 0.86% of the stock is owned by insiders.

Huntington Ingalls Industries Trading Up 1.3 %

NYSE HII opened at $233.30 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81. The company has a 50-day simple moving average of $208.50 and a 200-day simple moving average of $199.30. The firm has a market capitalization of $9.15 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $2.90 by $0.89. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.87 earnings per share. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 2.31%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.90%.

Analyst Ratings Changes

HII has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Barclays increased their price objective 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $238.44.

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.