Jacobs Levy Equity Management Inc. trimmed its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 47.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,209 shares of the aerospace company's stock after selling 3,744 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Huntington Ingalls Industries were worth $1,113,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HII. Cetera Advisors LLC lifted its position 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 valued at $692,000 after acquiring an additional 361 shares during the period. CWM LLC lifted its stake in Huntington Ingalls Industries by 22.0% in the 2nd quarter. CWM LLC now owns 2,163 shares of the aerospace company's stock valued at $533,000 after buying an additional 390 shares in the last quarter. Czech National Bank grew its holdings in Huntington Ingalls Industries by 7.9% during the 2nd quarter. Czech National Bank now owns 7,515 shares of the aerospace company's stock valued at $1,851,000 after buying an additional 549 shares during the last quarter. Wedmont Private Capital increased its position in Huntington Ingalls Industries by 85.1% during the second quarter. Wedmont Private Capital now owns 1,832 shares of the aerospace company's stock worth $460,000 after buying an additional 842 shares in the last quarter. Finally, ORG Partners LLC raised its holdings in shares of Huntington Ingalls Industries by 484.6% in the second quarter. ORG Partners LLC now owns 152 shares of the aerospace company's stock worth $38,000 after acquiring an additional 126 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on HII shares. Barclays decreased their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 target price on the stock. in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and upped their target price for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, The Goldman Sachs Group decreased their price target on Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of "Hold" and a consensus target price of $228.89.
Check Out Our Latest Research Report on HII
Insider Buying and Selling
In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the business's 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 transaction, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.72% of the company's stock.
Huntington Ingalls Industries Stock Up 2.1 %
Shares of NYSE:HII traded up $3.89 during midday trading on Monday, hitting $191.84. 279,250 shares of the company's stock traded hands, compared to its average volume of 349,286. The firm's fifty day moving average price is $224.52 and its two-hundred day moving average price is $247.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. Huntington Ingalls Industries, Inc. has a twelve month low of $184.29 and a twelve month high of $299.50. The company has a market cap of $7.51 billion, a PE ratio of 10.61, a P/E/G ratio of 1.82 and a beta of 0.55.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm earned $3.70 EPS. The business's quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.07 EPS for the current fiscal year.
Huntington Ingalls Industries Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.81%. This is a positive change from Huntington Ingalls Industries's previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries's payout ratio is presently 30.49%.
Huntington Ingalls Industries Profile
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Free Report)
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.
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