Harvey Partners LLC Has $28.55 Million Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Harvey Partners LLC lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 24.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,000 shares of the aerospace company's stock after selling 35,500 shares during the period. Huntington Ingalls Industries accounts for 3.3% of Harvey Partners LLC's holdings, making the stock its 14th biggest position. Harvey Partners LLC owned about 0.28% of Huntington Ingalls Industries worth $28,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atria Investments Inc acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $1,708,000. Cetera Investment Advisers increased its holdings in shares of Huntington Ingalls Industries by 168.2% during the 1st quarter. Cetera Investment Advisers now owns 12,392 shares of the aerospace company's stock worth $3,612,000 after acquiring an additional 7,771 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Huntington Ingalls Industries by 17.9% during the 1st quarter. Cetera Advisors LLC now owns 2,375 shares of the aerospace company's stock worth $692,000 after acquiring an additional 361 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Huntington Ingalls Industries by 6.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,205 shares of the aerospace company's stock worth $615,000 after acquiring an additional 131 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Huntington Ingalls Industries by 16.4% in the 2nd quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company's stock valued at $79,000 after buying an additional 45 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares of the company's stock, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

HII has been the topic of a number of research reports. TD Cowen lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective on the stock. in a report on Friday, November 1st. Alembic Global Advisors lowered Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price objective on the stock. in a report on Friday, November 1st. Bank of America decreased their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a report on Wednesday, November 13th. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and upped their price objective for the company from $280.00 to $285.00 in a report on Monday, September 9th. Finally, StockNews.com lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Huntington Ingalls Industries has a consensus rating of "Hold" and an average target price of $228.89.

Huntington Ingalls Industries Price Performance

Shares of HII stock traded down $2.97 on Tuesday, hitting $191.87. 471,275 shares of the company's stock were exchanged, compared to its average volume of 346,243. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50. The stock has a market cap of $7.51 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55. The company has a 50 day moving average of $230.04 and a 200 day moving average of $249.28.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company earned $3.70 earnings per share. Huntington Ingalls Industries's quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 14.31 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Huntington Ingalls Industries's previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.81%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 30.49%.

About Huntington Ingalls Industries

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.