Baker Ellis Asset Management LLC Decreases Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Baker Ellis Asset Management LLC trimmed its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 41.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,390 shares of the aerospace company’s stock after selling 4,460 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $1,208,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new position in shares of Huntington Ingalls Industries during the third quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new position in shares of Huntington Ingalls Industries during the third quarter valued at about $40,000. Truvestments Capital LLC acquired a new position in shares of Huntington Ingalls Industries during the third quarter valued at about $42,000. True Wealth Design LLC acquired a new position in shares of Huntington Ingalls Industries during the third quarter valued at about $60,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Huntington Ingalls Industries during the third quarter valued at about $68,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HII. Bank of America cut their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a report on Thursday, October 10th. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, Barclays cut their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $228.89.

Huntington Ingalls Industries Trading Down 1.6 %

Shares of NYSE:HII opened at $205.28 on Thursday. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.88 and a beta of 0.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The business’s 50 day moving average price is $193.80 and its 200-day moving average price is $234.78.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.70 EPS. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 14 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.63%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 30.49%.

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.