Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd trimmed its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 83.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229 shares of the aerospace company’s stock after selling 1,184 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Huntington Ingalls Industries were worth $43,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock valued at $950,391,000 after buying an additional 14,988 shares during the last quarter. Geode Capital Management LLC grew its position in Huntington Ingalls Industries by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock worth $197,677,000 after purchasing an additional 29,670 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in Huntington Ingalls Industries by 7.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company’s stock worth $85,637,000 after purchasing an additional 31,934 shares during the last quarter. Sei Investments Co. grew its position in Huntington Ingalls Industries by 32.4% during the 4th quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company’s stock worth $84,269,000 after purchasing an additional 109,134 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in Huntington Ingalls Industries by 132.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock worth $79,387,000 after purchasing an additional 239,688 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now directly owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Up 6.8 %

Shares of NYSE HII opened at $200.27 on Thursday. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The company has a market capitalization of $7.86 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The firm’s 50-day moving average is $187.40 and its two-hundred day moving average is $204.19.

Huntington Ingalls Industries (NYSE:HII) last announced 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%. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barclays lowered their target price on shares of 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 lowered their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $221.22.

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.