MetLife Investment Management LLC Sells 178 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Posted by Defense World Staff on Feb 26th, 2023

MetLife Investment Management LLC reduced its stake in Huntington Ingalls Industries, Inc. (NYSE:HII – Get Rating) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,951 shares of the aerospace company’s stock after selling 178 shares during the period. MetLife Investment Management LLC’s holdings in Huntington Ingalls Industries were worth $2,426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Koshinski Asset Management Inc. bought a new stake in Huntington Ingalls Industries in the 3rd quarter valued at $755,000. Creative Planning increased its holdings in Huntington Ingalls Industries by 1.2% in the 3rd quarter. Creative Planning now owns 3,733 shares of the aerospace company’s stock valued at $827,000 after acquiring an additional 46 shares during the last quarter. Naples Global Advisors LLC increased its holdings in Huntington Ingalls Industries by 0.9% in the 3rd quarter. Naples Global Advisors LLC now owns 6,563 shares of the aerospace company’s stock valued at $1,454,000 after acquiring an additional 57 shares during the last quarter. AMG National Trust Bank increased its holdings in Huntington Ingalls Industries by 1.2% in the 3rd quarter. AMG National Trust Bank now owns 5,540 shares of the aerospace company’s stock valued at $1,227,000 after acquiring an additional 64 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in Huntington Ingalls Industries by 1.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 5,467 shares of the aerospace company’s stock valued at $1,211,000 after acquiring an additional 69 shares during the last quarter. 86.63% of the stock is currently owned by institutional investors.

Insider Activity at Huntington Ingalls Industries

In other news, Director Anastasi D. Kelly sold 3,662 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $222.41, for a total value of $814,465.42. Following the completion of the sale, the director now owns 351 shares in the company, valued at approximately $78,065.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.16% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Trading Up 1.6 %

Shares of HII opened at $220.75 on Friday. Huntington Ingalls Industries, Inc. has a 1-year low of $189.76 and a 1-year high of $260.02. The company has a 50-day moving average of $223.34 and a 200 day moving average of $230.55. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 15.28 and a beta of 0.60. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.89.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The aerospace company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). Huntington Ingalls Industries had a net margin of 5.42% and a return on equity of 18.81%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the business earned $2.99 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 14.59 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 24th will be issued a dividend of $1.24 per share. The ex-dividend date is Thursday, February 23rd. This represents a $4.96 dividend on an annualized basis and a yield of 2.25%. Huntington Ingalls Industries’s payout ratio is 34.33%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HII. Barclays upgraded shares of Huntington Ingalls Industries from an “equal weight” rating to an “overweight” rating and set a $270.00 price target on the stock in a report on Thursday, December 8th. Bank of America cut shares of Huntington Ingalls Industries from a “neutral” rating to an “underperform” rating and set a $230.00 price objective for the company. in a research note on Friday, November 11th. Sanford C. Bernstein dropped their price objective on shares of Huntington Ingalls Industries from $247.00 to $236.00 and set a “market perform” rating for the company in a research note on Monday, February 13th. JPMorgan Chase & Co. dropped their price objective on shares of Huntington Ingalls Industries from $258.00 to $250.00 and set a “neutral” rating for the company in a research note on Tuesday, November 15th. Finally, StockNews.com raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, February 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $251.10.

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.