Two Sigma Securities LLC Lowers Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Two Sigma Securities LLC decreased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 59.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,942 shares of the aerospace company’s stock after selling 2,889 shares during the period. Two Sigma Securities LLC’s holdings in Huntington Ingalls Industries were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Barclays PLC raised its stake in Huntington Ingalls Industries by 54.1% during the 3rd quarter. Barclays PLC now owns 137,004 shares of the aerospace company’s stock worth $36,221,000 after acquiring an additional 48,113 shares during the period. Virtu Financial LLC purchased a new stake in shares of Huntington Ingalls Industries in the third quarter worth $1,838,000. Fulcrum Equity Management raised its position in shares of Huntington Ingalls Industries by 3.9% during the 3rd quarter. Fulcrum Equity Management now owns 2,114 shares of the aerospace company’s stock valued at $559,000 after purchasing an additional 79 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at $153,000. Finally, Tidal Investments LLC boosted its holdings in Huntington Ingalls Industries by 17.8% in the 3rd quarter. Tidal Investments LLC now owns 2,040 shares of the aerospace company’s stock worth $539,000 after buying an additional 308 shares during the period. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Up 2.0 %

Shares of HII opened at $226.27 on Monday. The company’s fifty day moving average is $198.20 and its 200 day moving average is $200.32. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The stock has a market capitalization of $8.88 billion, a PE ratio of 16.21, a P/E/G ratio of 1.15 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.39%. Huntington Ingalls Industries’s payout ratio is 38.68%.

Analyst Ratings Changes

HII has been the topic of several research analyst reports. Barclays lowered their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group upgraded Huntington Ingalls Industries from a “sell” rating to a “buy” rating and upped their price target for the stock from $145.00 to $234.00 in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $231.11.

Insider Activity

In related news, Director Thomas C. Schievelbein bought 2,120 shares of the stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of the business’s 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 transaction, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Company 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.