SVB Wealth LLC Sells 369 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

SVB Wealth LLC lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,040 shares of the aerospace company’s stock after selling 369 shares during the quarter. SVB Wealth LLC’s holdings in Huntington Ingalls Industries were worth $1,309,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HII. Quantbot Technologies LP bought a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $25,000. Cranbrook Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $30,000. Almanack Investment Partners LLC. bought a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $42,000. Finally, Level Financial Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $43,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.9 %

Shares of HII stock opened at $268.81 on Friday. The stock has a market cap of $10.65 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 2.56 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a one year low of $188.51 and a one year high of $299.50. The stock has a fifty day moving average price of $285.96 and a 200 day moving average price of $256.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, topping the consensus estimate of $4.27 by $2.63. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. Huntington Ingalls Industries’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $3.07 earnings per share. Analysts predict that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a dividend of $1.30 per share. The ex-dividend date was Thursday, February 22nd. This represents a $5.20 annualized dividend and a yield of 1.93%. Huntington Ingalls Industries’s dividend payout ratio is currently 30.41%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 2,176 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $272.31, for a total transaction of $592,546.56. Following the completion of the transaction, the vice president now directly owns 6,877 shares in the company, valued at $1,872,675.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP D R. Wyatt sold 900 shares of Huntington Ingalls Industries stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now directly owns 19,100 shares in the company, valued at $5,036,479. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jennifer R. Boykin sold 2,176 shares of Huntington Ingalls Industries stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $272.31, for a total value of $592,546.56. Following the completion of the sale, the vice president now owns 6,877 shares of the company’s stock, valued at $1,872,675.87. The disclosure for this sale can be found here. Insiders sold 8,472 shares of company stock worth $2,398,345 over the last three months. 0.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HII has been the subject of several research reports. Barclays increased their price objective on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. raised their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st.

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.