LSV Asset Management Reduces Position in Huntington Ingalls Industries, Inc. $HII

LSV Asset Management cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 451,944 shares of the aerospace company’s stock after selling 5,450 shares during the quarter. LSV Asset Management’s holdings in Huntington Ingalls Industries were worth $153,693,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new stake in Huntington Ingalls Industries during the second quarter valued at about $25,000. Rakuten Securities Inc. lifted its holdings in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares during the last quarter. NBC Securities Inc. lifted its holdings in Huntington Ingalls Industries by 87.2% during the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 41 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Huntington Ingalls Industries by 363.3% during the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 109 shares during the last quarter. Finally, Community Bank N.A. purchased a new stake in Huntington Ingalls Industries during the third quarter valued at about $35,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Trading Up 1.0%

Shares of HII opened at $320.88 on Friday. The business’s 50-day moving average price is $373.54 and its 200-day moving average price is $371.98. Huntington Ingalls Industries, Inc. has a twelve month low of $215.04 and a twelve month high of $460.00. The stock has a market cap of $12.64 billion, a PE ratio of 20.88, a P/E/G ratio of 1.35 and a beta of 0.29. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the business posted $3.79 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 17.29 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Analysts Set New Price Targets

HII has been the topic of several recent research reports. TD Cowen dropped their price objective on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Wall Street Zen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Citigroup decreased their price target on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Sanford C. Bernstein reiterated a “market perform” rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Finally, Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $388.50.

Insider Activity at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the transaction, the vice president directly owned 20,360 shares in the company, valued at approximately $8,601,082. This represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the transaction, the executive vice president owned 1,949 shares in the company, valued at approximately $844,774.56. This trade represents a 46.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.