Martingale Asset Management L P Reduces Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Martingale Asset Management L P reduced its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 98.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,507 shares of the aerospace company’s stock after selling 78,292 shares during the quarter. Martingale Asset Management L P’s holdings in Huntington Ingalls Industries were worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock worth $950,391,000 after acquiring an additional 14,988 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Huntington Ingalls Industries by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock worth $197,677,000 after purchasing an additional 29,670 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Huntington Ingalls Industries by 7.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company’s stock valued at $85,637,000 after purchasing an additional 31,934 shares during the period. Sei Investments Co. raised its position in shares of Huntington Ingalls Industries by 32.4% in the fourth quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company’s stock valued at $84,269,000 after purchasing an additional 109,134 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of Huntington Ingalls Industries by 132.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock valued at $79,387,000 after buying an additional 239,688 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Huntington Ingalls Industries Trading Up 7.5 %

NYSE HII opened at $216.00 on Monday. The firm has a market cap of $8.47 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The stock has a 50-day moving average of $187.89 and a 200-day moving average of $203.12. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data 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%. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.

Insider Activity

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction that occurred 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 $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the sale, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at $546,691.04. The trade was 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 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.