Quantinno Capital Management LP Reduces Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Quantinno Capital Management LP lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 40.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,314 shares of the aerospace company’s stock after selling 9,041 shares during the quarter. Quantinno Capital Management LP’s holdings in Huntington Ingalls Industries were worth $2,516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HII. Vanguard Group Inc. lifted its stake in shares of Huntington Ingalls Industries by 0.3% in the fourth 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 in the last quarter. Geode Capital Management LLC raised its position in shares of Huntington Ingalls Industries by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock valued at $197,677,000 after purchasing an additional 29,670 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Huntington Ingalls Industries by 32.6% during the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company’s stock valued at $157,216,000 after buying an additional 204,376 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Huntington Ingalls Industries by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company’s stock worth $109,316,000 after buying an additional 77,718 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake 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 worth $85,637,000 after buying an additional 31,934 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the transaction, the chief accounting officer now owns 2,884 shares in the company, valued at $546,691.04. This represents a 20.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the transaction, the vice president now directly owns 9,581 shares in the company, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,010 shares of company stock valued at $899,510. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $228.08 on Wednesday. The company has a 50-day moving average price of $214.27 and a two-hundred day moving average price of $198.39. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. 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 issued its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the company posted $3.87 EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.37%. Huntington Ingalls Industries’s payout ratio is 38.90%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HII. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price objective on the stock in a research note on Thursday, May 15th. Barclays increased their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group increased their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $236.38.

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.