Victory Capital Management Inc. Sells 1,704 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Victory Capital Management Inc. lowered its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII – Get Rating) by 1.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 113,887 shares of the aerospace company’s stock after selling 1,704 shares during the period. Victory Capital Management Inc. owned 0.29% of Huntington Ingalls Industries worth $25,226,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Koshinski Asset Management Inc. bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $755,000. Allworth Financial LP lifted its holdings in Huntington Ingalls Industries by 2,750.0% during the 3rd quarter. Allworth Financial LP now owns 114 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 110 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Huntington Ingalls Industries during the second quarter worth $53,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Huntington Ingalls Industries in the first quarter valued at $60,000. Finally, Ronald Blue Trust Inc. bought a new position in shares of Huntington Ingalls Industries in the second quarter valued at about $77,000. Institutional investors and hedge funds own 86.63% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.1 %

Shares of NYSE HII opened at $217.94 on Tuesday. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 15.17 and a beta of 0.62. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85. Huntington Ingalls Industries, Inc. has a 12 month low of $177.20 and a 12 month high of $260.02. The stock has a 50-day moving average price of $228.59 and a two-hundred day moving average price of $229.60.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The aerospace company reported $3.44 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.09). The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.69 billion. Huntington Ingalls Industries had a net margin of 5.46% and a return on equity of 19.81%. Huntington Ingalls Industries’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.65 EPS. As a group, analysts forecast that Huntington Ingalls Industries, Inc. will post 14.69 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Friday, November 25th were given a dividend of $1.24 per share. The ex-dividend date of this dividend was Wednesday, November 23rd. This represents a $4.96 dividend on an annualized basis and a yield of 2.28%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.18. Huntington Ingalls Industries’s payout ratio is currently 34.52%.

Analysts Set New Price Targets

HII has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of Huntington Ingalls Industries from $258.00 to $250.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 15th. Wolfe Research began coverage on Huntington Ingalls Industries in a research note on Monday, October 10th. They set an “outperform” rating and a $315.00 target price on the stock. StockNews.com upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 18th. The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $171.00 to $190.00 and gave the stock a “sell” rating in a research report on Thursday, December 15th. Finally, Bank of America cut shares of Huntington Ingalls Industries from a “neutral” rating to an “underperform” rating and set a $230.00 target price for the company. in a research report on Friday, November 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $252.40.

About Huntington Ingalls Industries

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Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants. The Newport News segment designs, builds, and maintains nuclear-powered ships which include aircraft carriers and submarines.