Carnegie Investment Counsel Has $14.98 Million Holdings in Huntington Ingalls Industries, Inc. $HII

Carnegie Investment Counsel cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 23.2% in the first quarter, Holdings Channel reports. The fund owned 39,434 shares of the aerospace company’s stock after selling 11,896 shares during the period. Carnegie Investment Counsel’s holdings in Huntington Ingalls Industries were worth $14,981,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its position in Huntington Ingalls Industries by 38,526.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock worth $675,572,000 after buying an additional 1,981,424 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Huntington Ingalls Industries by 32.1% in the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after purchasing an additional 400,428 shares in the last quarter. Geode Capital Management LLC raised its position in Huntington Ingalls Industries by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 1,116,501 shares of the aerospace company’s stock worth $379,098,000 after purchasing an additional 56,618 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Huntington Ingalls Industries by 85.0% during the 4th quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock worth $369,186,000 after buying an additional 498,690 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Huntington Ingalls Industries by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 978,365 shares of the aerospace company’s stock valued at $332,717,000 after buying an additional 11,743 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Down 0.1%

Huntington Ingalls Industries stock traded down $0.18 during mid-day trading on Friday, reaching $286.03. The company’s stock had a trading volume of 235,803 shares, compared to its average volume of 453,244. The business’s 50 day simple moving average is $303.20 and its 200 day simple moving average is $366.53. Huntington Ingalls Industries, Inc. has a 12 month low of $250.91 and a 12 month high of $460.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The company has a market capitalization of $11.27 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.22 and a beta of 0.25.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.09. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.79 EPS. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a dividend of $1.38 per share. The ex-dividend date was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HII shares. Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Citigroup dropped their target price on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. TD Cowen dropped their price objective on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Wells Fargo & Company initiated coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price target on the stock. Finally, Wall Street Zen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $381.50.

Insiders Place Their Bets

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the transaction, the vice president directly owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is owned by 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.