Amalgamated Bank Sells 155 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Amalgamated Bank trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,578 shares of the aerospace company’s stock after selling 155 shares during the quarter. Amalgamated Bank’s holdings in Huntington Ingalls Industries were worth $1,432,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. bought a new stake in Huntington Ingalls Industries in the fourth quarter worth $36,191,000. FMR LLC increased its holdings in shares of Huntington Ingalls Industries by 5.6% in the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after buying an additional 187,411 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in Huntington Ingalls Industries during the 3rd quarter valued at about $47,698,000. JPMorgan Chase & Co. grew its position in Huntington Ingalls Industries by 45.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after acquiring an additional 95,324 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Huntington Ingalls Industries by 36.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 323,829 shares of the aerospace company’s stock worth $85,614,000 after purchasing an additional 85,698 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 1.7 %

Shares of NYSE HII opened at $172.54 on Tuesday. The firm has a fifty day simple moving average of $185.79 and a two-hundred day simple moving average of $218.19. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $299.50. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $6.75 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57.

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 analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is presently 38.68%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HII. The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note on Monday, February 10th. Barclays dropped their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Finally, Bank of America lowered their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $221.22.

Insider Activity at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the transaction, the director now owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

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.