Baker Ellis Asset Management LLC Reduces Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Baker Ellis Asset Management LLC lowered its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 41.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,390 shares of the aerospace company’s stock after selling 4,460 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $1,208,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. purchased a new position in Huntington Ingalls Industries during the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC purchased a new position in Huntington Ingalls Industries during the third quarter valued at approximately $40,000. Truvestments Capital LLC purchased a new position in Huntington Ingalls Industries during the third quarter valued at approximately $42,000. True Wealth Design LLC purchased a new position in Huntington Ingalls Industries during the third quarter valued at approximately $60,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $68,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity

In related news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Barclays reduced their price objective on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research report on Friday, November 1st. Finally, StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Trading Down 1.6 %

HII stock opened at $205.28 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a twelve month low of $184.29 and a twelve month high of $299.50. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.88 and a beta of 0.56. The firm’s fifty day simple moving average is $193.80 and its two-hundred day simple moving average is $234.78.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the firm earned $3.70 EPS. The company’s revenue was down 2.4% on a year-over-year basis. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 14 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $1.35 per share. This is a positive change 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 2.63%. The ex-dividend date of this dividend was Friday, November 29th. Huntington Ingalls Industries’s payout ratio is currently 30.49%.

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.