Massachusetts Financial Services Co. MA Lowers Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Massachusetts Financial Services Co. MA lessened its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,804 shares of the aerospace company’s stock after selling 115 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Huntington Ingalls Industries were worth $2,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. CWM LLC raised its position in shares of Huntington Ingalls Industries by 142.8% in the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after purchasing an additional 3,088 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth about $1,769,000. Old North State Wealth Management LLC raised its position in shares of Huntington Ingalls Industries by 60.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock worth $3,122,000 after purchasing an additional 4,450 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth about $47,698,000. Finally, Virtu Financial LLC purchased a new position in shares of Huntington Ingalls Industries in the 1st quarter worth about $1,821,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the transaction, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $197.98 on Wednesday. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. The firm has a market capitalization of $7.75 billion, a P/E ratio of 11.18, a PEG ratio of 1.85 and a beta of 0.55. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $237.02 and a 200-day moving average price of $251.22.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.70 earnings per share. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $1.35 per share. The ex-dividend date is Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.73%. Huntington Ingalls Industries’s payout ratio is 30.49%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research report on Friday, November 1st. Finally, Barclays decreased their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Company Profile

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.