Huntington Ingalls Industries, Inc. (NYSE:HII) Position Trimmed by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. decreased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 SEC.

Other large investors have also made changes to their positions in the company. Cranbrook Wealth Management LLC bought a new stake in Huntington Ingalls Industries during the fourth quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $30,000. Quantbot Technologies LP acquired a new position in shares of Huntington Ingalls Industries in the third quarter valued at $25,000. Level Financial Advisors Inc. acquired a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at $43,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Huntington Ingalls Industries during the fourth quarter worth $48,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.0 %

NYSE:HII traded down $0.04 during mid-day trading on Tuesday, hitting $274.46. The company had a trading volume of 243,489 shares, compared to its average volume of 296,497. Huntington Ingalls Industries, Inc. has a fifty-two week low of $188.51 and a fifty-two week high of $299.50. The business’s fifty day moving average is $285.88 and its two-hundred day moving average is $259.16. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.95. The firm has a market cap of $10.87 billion, a P/E ratio of 16.05, a P/E/G 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 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.78 billion. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. Huntington Ingalls Industries’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.07 earnings per share. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

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

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of Huntington Ingalls Industries stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the transaction, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at approximately $655,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of Huntington Ingalls Industries stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the transaction, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at approximately $655,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP D R. Wyatt sold 900 shares of Huntington Ingalls Industries stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the transaction, the vice president now directly owns 19,100 shares of the company’s stock, valued at $5,036,479. The disclosure for this sale can be found here. Insiders sold 8,472 shares of company stock worth $2,398,345 in the last ninety days. 0.72% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HII. JPMorgan Chase & Co. increased their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Barclays increased their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th.

Huntington Ingalls Industries 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.