Huntington Ingalls Industries, Inc. $HII Shares Sold by Versor Investments LP

Versor Investments LP trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 40.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,766 shares of the aerospace company’s stock after selling 2,556 shares during the period. Versor Investments LP’s holdings in Huntington Ingalls Industries were worth $1,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of HII. AQR Capital Management LLC increased its stake in Huntington Ingalls Industries by 509.2% in the 3rd quarter. AQR Capital Management LLC now owns 586,929 shares of the aerospace company’s stock valued at $168,983,000 after buying an additional 490,587 shares during the period. Orion Porfolio Solutions LLC increased its stake in Huntington Ingalls Industries by 3,576.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock valued at $47,268,000 after buying an additional 190,434 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Huntington Ingalls Industries by 42.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 396,425 shares of the aerospace company’s stock valued at $114,135,000 after buying an additional 118,345 shares during the period. KADENSA CAPITAL Ltd acquired a new position in Huntington Ingalls Industries in the 3rd quarter valued at $28,159,000. Finally, Citigroup Inc. increased its stake in Huntington Ingalls Industries by 83.5% in the 3rd quarter. Citigroup Inc. now owns 205,133 shares of the aerospace company’s stock valued at $59,060,000 after buying an additional 93,371 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HII has been the topic of several recent research reports. TD Cowen boosted their price objective on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, March 6th. The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Bank of America raised shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $300.00 to $400.00 in a research note on Thursday, February 12th. Citigroup lowered their price target on shares of Huntington Ingalls Industries from $465.00 to $441.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus target price of $383.22.

Insider Transactions at Huntington Ingalls Industries

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

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $317.86 on Tuesday. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.34 and a beta of 0.29. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average is $392.42 and its two-hundred day moving average is $370.85. Huntington Ingalls Industries, Inc. has a 12-month low of $215.04 and a 12-month high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the firm earned $3.79 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Research analysts expect that Huntington Ingalls Industries, Inc. will post 17.33 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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

Huntington Ingalls Industries 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.