Legend Financial Advisors Inc. Sells 364 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Legend Financial Advisors Inc. trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 49.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 365 shares of the aerospace company’s stock after selling 364 shares during the quarter. Legend Financial Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $69,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in Huntington Ingalls Industries by 12.1% in the second quarter. Commonwealth Equity Services LLC now owns 13,036 shares of the aerospace company’s stock worth $3,211,000 after buying an additional 1,407 shares in the last quarter. Rhumbline Advisers grew its stake in Huntington Ingalls Industries by 1.0% in the second quarter. Rhumbline Advisers now owns 79,841 shares of the aerospace company’s stock worth $19,667,000 after purchasing an additional 795 shares during the period. Foundations Investment Advisors LLC purchased a new position in Huntington Ingalls Industries during the second quarter valued at $284,000. Victory Capital Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 99.1% during the 2nd quarter. Victory Capital Management Inc. now owns 29,187 shares of the aerospace company’s stock valued at $7,190,000 after buying an additional 14,525 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Huntington Ingalls Industries by 42.7% in the 2nd quarter. Private Advisor Group LLC now owns 6,210 shares of the aerospace company’s stock worth $1,530,000 after buying an additional 1,858 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Bank of America reduced their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Barclays lowered their price objective on 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. Finally, Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a 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 issued a buy rating to the company. According to MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $228.89.

Insider Buying and Selling

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock traded up $2.20 on Tuesday, hitting $188.90. 469,804 shares of the company’s stock were exchanged, compared to its average volume of 423,681. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The stock has a market capitalization of $7.39 billion, a PE ratio of 10.67, a PEG ratio of 1.86 and a beta of 0.56. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50. The company has a 50-day simple moving average of $196.05 and a 200-day simple moving average of $238.94.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data 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 company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $3.70 EPS. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $1.35 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.86%. Huntington Ingalls Industries’s payout ratio is 30.49%.

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.