Investment Management Corp of Ontario Lowers Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Investment Management Corp of Ontario reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 87.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,256 shares of the aerospace company's stock after selling 8,589 shares during the quarter. Investment Management Corp of Ontario's holdings in Huntington Ingalls Industries were worth $332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HII. Kathleen S. Wright Associates Inc. bought a new position in shares of Huntington Ingalls Industries in the third quarter worth about $29,000. Family Firm Inc. purchased a new stake in Huntington Ingalls Industries in the 2nd quarter valued at about $35,000. Rothschild Investment LLC bought a new position in Huntington Ingalls Industries in the 2nd quarter worth about $37,000. ORG Partners LLC increased its position in shares of Huntington Ingalls Industries by 484.6% during 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 period. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $40,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Trading Down 0.5 %

Shares of HII stock traded down $0.93 on Friday, hitting $187.95. 608,910 shares of the stock traded hands, compared to its average volume of 523,225. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The stock has a market capitalization of $7.35 billion, a PE ratio of 10.61, a PEG ratio of 1.83 and a beta of 0.55. The firm's 50-day moving average price is $224.52 and its two-hundred day moving average price is $247.46. Huntington Ingalls Industries, Inc. has a twelve month low of $184.29 and a twelve month high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share 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 business had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.87 billion. During the same quarter in the prior year, the company posted $3.70 earnings per share. The business's revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.31 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $1.35 dividend. The ex-dividend date is Friday, November 29th. This is a positive change from Huntington Ingalls Industries's previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.87%. Huntington Ingalls Industries's dividend payout ratio (DPR) is 30.49%.

Insiders Place Their Bets

In other news, VP D R. Wyatt sold 400 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the sale, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays decreased their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. StockNews.com lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Vertical Research lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 target price for the company. in a report on Thursday, October 10th. TD Cowen downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price target on the stock. in a report on Friday, November 1st. Finally, Wolfe Research downgraded Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $228.89.

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.