AMG National Trust Bank Sells 766 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

AMG National Trust Bank decreased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 12.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,642 shares of the aerospace company’s stock after selling 766 shares during the period. AMG National Trust Bank’s holdings in Huntington Ingalls Industries were worth $1,063,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HII. QRG Capital Management Inc. raised its position in shares of Huntington Ingalls Industries by 1.4% in the 3rd quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock worth $939,000 after purchasing an additional 48 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of Huntington Ingalls Industries by 1.6% in the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock worth $610,000 after purchasing an additional 52 shares during the last quarter. MML Investors Services LLC raised its position in shares of Huntington Ingalls Industries by 0.6% in the 3rd quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company’s stock worth $3,004,000 after purchasing an additional 71 shares during the last quarter. 1834 Investment Advisors Co. raised its position in shares of Huntington Ingalls Industries by 3.9% in the 4th quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company’s stock worth $365,000 after purchasing an additional 73 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its position in shares of Huntington Ingalls Industries by 4.9% in the 3rd quarter. Axxcess Wealth Management LLC now owns 1,584 shares of the aerospace company’s stock worth $419,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HII shares. Barclays lowered their price target on 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 lowered their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research report on Monday, February 10th. Finally, Bank of America decreased their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Trading Up 1.4 %

Huntington Ingalls Industries stock opened at $196.66 on Friday. The business has a 50-day simple moving average of $185.46 and a two-hundred day simple moving average of $217.17. The company has a market cap of $7.70 billion, a P/E ratio of 14.09, a P/E/G ratio of 1.15 and a beta of 0.57. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $294.81. 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 released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (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%. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.75%. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought 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 $1,313,120.94. The trade was a 36.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.72% of the company’s stock.

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.