Cutter & CO Brokerage Inc. Sells 69 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Cutter & CO Brokerage Inc. trimmed its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,616 shares of the aerospace company’s stock after selling 69 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Huntington Ingalls Industries were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HII. Quantbot Technologies LP bought a new position in Huntington Ingalls Industries during the third quarter valued at $25,000. Cranbrook Wealth Management LLC bought a new position in Huntington Ingalls Industries during the fourth quarter valued at $28,000. Turtle Creek Wealth Advisors LLC bought a new position in Huntington Ingalls Industries during the fourth quarter valued at $30,000. Level Financial Advisors Inc. bought a new position in shares of Huntington Ingalls Industries in the fourth quarter worth $43,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Huntington Ingalls Industries by 30.1% in the third quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 52 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Price Performance

NYSE HII traded down $0.04 during trading hours on Tuesday, reaching $274.46. 243,489 shares of the stock traded hands, compared to its average volume of 296,497. The stock has a 50 day simple moving average of $285.88 and a two-hundred day simple moving average of $259.16. Huntington Ingalls Industries, Inc. has a 1 year low of $188.51 and a 1 year high of $299.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 2.56 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter last year, the business posted $3.07 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 16.36 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a $1.30 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $5.20 annualized dividend and a dividend yield of 1.89%. Huntington Ingalls Industries’s dividend payout ratio is currently 30.41%.

Wall Street Analysts Forecast Growth

HII has been the topic of a number of recent analyst reports. Barclays increased their price objective on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. increased their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st.

Insider Transactions at Huntington Ingalls Industries

In other news, VP Jennifer R. Boykin sold 2,176 shares of Huntington Ingalls Industries stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $272.31, for a total value of $592,546.56. Following the transaction, the vice president now owns 6,877 shares in the company, valued at $1,872,675.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Jennifer R. Boykin sold 2,176 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $272.31, for a total value of $592,546.56. Following the sale, the vice president now directly owns 6,877 shares of the company’s stock, valued at $1,872,675.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP D R. Wyatt sold 900 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now directly owns 19,100 shares in the company, valued at $5,036,479. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,472 shares of company stock worth $2,398,345. Company insiders own 0.72% of the company’s stock.

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.