New York Life Investment Management LLC Decreases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

New York Life Investment Management LLC decreased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,133 shares of the aerospace company’s stock after selling 198 shares during the period. New York Life Investment Management LLC’s holdings in Huntington Ingalls Industries were worth $970,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northcape Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $3,642,000. Stifel Financial Corp grew its position in shares of Huntington Ingalls Industries by 36.6% during the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock valued at $6,181,000 after acquiring an additional 6,253 shares during the period. O Keefe Stevens Advisory Inc. grew its position in shares of Huntington Ingalls Industries by 63.0% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock valued at $655,000 after acquiring an additional 1,339 shares during the period. JPMorgan Chase & Co. grew its position in shares of Huntington Ingalls Industries by 45.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock valued at $80,886,000 after acquiring an additional 95,324 shares during the period. Finally, Old North State Wealth Management LLC grew its position in shares of Huntington Ingalls Industries by 60.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock valued at $3,122,000 after acquiring an additional 4,450 shares during the period. 90.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the stock in a transaction on Thursday, February 13th. The shares were acquired at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This trade represents a 36.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Down 1.7 %

HII opened at $172.54 on Tuesday. The company has a 50 day moving average of $185.79 and a 200 day moving average of $218.19. The company has a market cap of $6.75 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $299.50. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.13%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is presently 38.68%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HII. Barclays reduced their target price on shares of 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. Bank of America reduced their target price on shares of 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. Finally, The Goldman Sachs Group cut their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $221.22.

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.