Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lessened its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 33.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,511 shares of the aerospace company’s stock after selling 762 shares during the quarter. Foundry Partners LLC’s holdings in Huntington Ingalls Industries were worth $399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Huntington Ingalls Industries in the 2nd quarter valued at about $26,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $29,000. Family Firm Inc. acquired a new stake in Huntington Ingalls Industries during the second quarter valued at approximately $35,000. Rothschild Investment LLC bought a new stake in Huntington Ingalls Industries during the second quarter worth approximately $37,000. Finally, ORG Partners LLC grew its position in Huntington Ingalls Industries by 484.6% in the second quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock worth $38,000 after buying an additional 126 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research note on Friday, November 1st. Bank of America decreased their price target 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. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a research note on Thursday, October 10th. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price 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. Two equities research 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 data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Price Performance

HII opened at $198.95 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50. The stock has a fifty day moving average price of $238.34 and a 200 day moving average price of $251.53. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.78 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.70 EPS. Analysts forecast that Huntington Ingalls Industries, Inc. will post 14.63 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.71%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) 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.