Amundi Sells 9,990 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Amundi lowered its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 31.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,326 shares of the aerospace company’s stock after selling 9,990 shares during the quarter. Amundi owned about 0.05% of Huntington Ingalls Industries worth $4,045,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. FMR LLC grew its stake in shares of Huntington Ingalls Industries by 5.6% during the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after purchasing an additional 187,411 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock valued at $268,520,000 after purchasing an additional 5,036 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Huntington Ingalls Industries by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 362,396 shares of the aerospace company’s stock worth $68,482,000 after buying an additional 6,080 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Huntington Ingalls Industries by 36.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 323,829 shares of the aerospace company’s stock valued at $85,614,000 after buying an additional 85,698 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Huntington Ingalls Industries by 45.3% in the third 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 last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Activity

In related news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the transaction, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Trading Up 0.4 %

HII opened at $196.34 on Monday. The stock has a market capitalization of $7.70 billion, a P/E ratio of 14.06, a P/E/G ratio of 1.15 and a beta of 0.49. 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, Inc. has a 12 month low of $158.88 and a 12 month high of $294.81. The firm’s fifty day simple moving average is $186.27 and its 200 day simple moving average is $213.01.

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 net margin of 4.77% and a return on equity of 12.81%. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HII shares. The Goldman Sachs Group reduced their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday, February 10th. Barclays cut their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock 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 issued a buy rating to the company. According to MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $221.22.

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.