Chevy Chase Trust Holdings LLC Has $3.88 Million Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Chevy Chase Trust Holdings LLC lessened its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,533 shares of the aerospace company’s stock after selling 495 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Huntington Ingalls Industries worth $3,880,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 32.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,125 shares of the aerospace company’s stock valued at $213,000 after buying an additional 276 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Huntington Ingalls Industries by 1.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 14,940 shares of the aerospace company’s stock valued at $2,845,000 after buying an additional 231 shares during the last quarter. Naples Global Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 11.8% in the 4th quarter. Naples Global Advisors LLC now owns 7,882 shares of the aerospace company’s stock valued at $1,490,000 after buying an additional 834 shares during the last quarter. Avion Wealth boosted its holdings in shares of Huntington Ingalls Industries by 14,128.6% in the 4th quarter. Avion Wealth now owns 996 shares of the aerospace company’s stock valued at $188,000 after buying an additional 989 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Bank of America cut their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group dropped their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Stock Up 5.4 %

HII stock opened at $169.96 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 0.73. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.43 and a beta of 0.57. The business’s fifty day moving average price is $189.12 and its two-hundred day moving average price is $223.70. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS 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%. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 15.14 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is currently 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.