Mackenzie Financial Corp Reduces Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Mackenzie Financial Corp reduced its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 14.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,224 shares of the aerospace company’s stock after selling 214 shares during the period. Mackenzie Financial Corp’s holdings in Huntington Ingalls Industries were worth $318,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Huntington Ingalls Industries during the 3rd quarter valued at $25,000. Cranbrook Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries during the fourth quarter worth about $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in Huntington Ingalls Industries in the fourth quarter worth about $30,000. Level Financial Advisors Inc. bought a new stake in Huntington Ingalls Industries in the fourth quarter valued at about $43,000. Finally, Headlands Technologies LLC raised its stake in Huntington Ingalls Industries by 30.1% during the third quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock valued at $46,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays lifted their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lifted their price objective on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $291.28, for a total value of $376,625.04. Following the sale, the chief accounting officer now owns 2,250 shares in the company, valued at $655,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the transaction, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at approximately $655,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Edgar A. Green III sold 3,603 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $290.75, for a total value of $1,047,572.25. Following the completion of the sale, the vice president now owns 7,461 shares in the company, valued at $2,169,285.75. The disclosure for this sale can be found here. Insiders sold 8,472 shares of company stock valued at $2,398,345 in the last ninety days. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $276.97 on Friday. The company has a market cap of $10.97 billion, a P/E ratio of 16.20, a PEG ratio of 2.60 and a beta of 0.60. The business has a 50 day moving average of $285.45 and a two-hundred day moving average of $260.06. Huntington Ingalls Industries, Inc. has a 52 week low of $188.51 and a 52 week high of $299.50. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the previous year, the firm posted $3.07 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.36 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a $1.30 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $5.20 annualized dividend and a yield of 1.88%. Huntington Ingalls Industries’s dividend payout ratio is presently 30.41%.

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.