Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,315 shares of the aerospace company’s stock after selling 424 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in Huntington Ingalls Industries by 3.5% during the third quarter. Janus Henderson Group PLC now owns 6,069 shares of the aerospace company’s stock worth $1,604,000 after purchasing an additional 207 shares during the last quarter. Stifel Financial Corp increased its position in shares of Huntington Ingalls Industries by 36.6% in the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock valued at $6,181,000 after buying an additional 6,253 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Huntington Ingalls Industries by 7.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,050 shares of the aerospace company’s stock worth $1,599,000 after buying an additional 406 shares during the last quarter. EP Wealth Advisors LLC boosted its position in shares of Huntington Ingalls Industries by 52.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,471 shares of the aerospace company’s stock worth $389,000 after buying an additional 507 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in Huntington Ingalls Industries by 14.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,913 shares of the aerospace company’s stock valued at $1,299,000 after acquiring an additional 636 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 other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the business’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 completion of the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas C. Schievelbein bought 2,120 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now owns 7,967 shares in the company, 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. 0.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Barclays cut their target price 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. The Goldman Sachs Group reduced their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $200.92 on Friday. The business has a fifty day simple moving average of $187.48 and a 200-day simple moving average of $203.80. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The company has a market cap of $7.88 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.15 and a beta of 0.34. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates 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 research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.69%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

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.