MMA Asset Management LLC Trims Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

MMA Asset Management LLC trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 45.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,357 shares of the aerospace company’s stock after selling 1,986 shares during the period. MMA Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HII. Truvestments Capital LLC acquired a new position in shares of Huntington Ingalls Industries during the third quarter worth about $42,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter worth about $48,000. Bruce G. Allen Investments LLC increased its stake in shares of Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 85 shares during the period. True Wealth Design LLC acquired a new position in shares of Huntington Ingalls Industries during the third quarter worth about $60,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Huntington Ingalls Industries during the third quarter worth about $68,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now owns 7,967 shares in the company, valued at $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HII shares. Barclays dropped their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Bank of America lowered their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Finally, 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 research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $221.22.

Huntington Ingalls Industries Trading Up 0.7 %

Shares of HII opened at $175.46 on Friday. 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 has a 50 day simple moving average of $186.15 and a 200-day simple moving average of $219.21. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $299.50. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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 forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.35 per share. The ex-dividend date is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.08%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 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.