Martingale Asset Management L P Has $21.10 Million Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Martingale Asset Management L P reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,799 shares of the aerospace company's stock after selling 10,749 shares during the period. Martingale Asset Management L P owned 0.20% of Huntington Ingalls Industries worth $21,097,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HII. Atria Investments Inc bought a new stake in Huntington Ingalls Industries in the first quarter worth approximately $1,708,000. Burney Co. raised its holdings in Huntington Ingalls Industries by 3.3% during the first quarter. Burney Co. now owns 19,093 shares of the aerospace company's stock valued at $5,565,000 after buying an additional 603 shares in the last quarter. Cetera Investment Advisers boosted its stake 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 in 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 valued at $692,000 after acquiring an additional 361 shares during the last quarter. Finally, Boston Partners acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at about $4,717,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP D R. Wyatt sold 400 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the transaction, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Price Performance

HII stock traded down $0.10 during trading on Friday, hitting $197.92. The company had a trading volume of 271,719 shares, compared to its average volume of 344,872. The company has a fifty day moving average price of $232.90 and a two-hundred day moving average price of $250.12. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The company has a market cap of $7.74 billion, a P/E ratio of 11.20, a P/E/G ratio of 1.87 and a beta of 0.55. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.70 EPS. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 14.51 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $1.35 per share. This is a positive change from Huntington Ingalls Industries's previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.73%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 29.36%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HII shares. The Goldman Sachs Group decreased their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating for the company in a research report on Friday, November 1st. TD Cowen lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 target price on the stock. in a research note on Friday, November 1st. Wolfe Research lowered shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.