State Street Corp Reduces Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

State Street Corp cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,997,272 shares of the aerospace company's stock after selling 17,826 shares during the quarter. State Street Corp owned about 7.66% of Huntington Ingalls Industries worth $792,419,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company's stock worth $930,383,000 after purchasing an additional 187,411 shares during the period. Van ECK Associates Corp grew its stake in shares of Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock worth $455,222,000 after purchasing an additional 863,800 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company's stock valued at $180,458,000 after purchasing an additional 215,362 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Huntington Ingalls Industries by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company's stock valued at $157,326,000 after purchasing an additional 11,693 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Huntington Ingalls Industries by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company's stock valued at $128,443,000 after purchasing an additional 40,942 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HII. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group cut 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. StockNews.com cut Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Bank of America lowered their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a research report on Wednesday, November 13th. Finally, 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 research 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. According to MarketBeat.com, Huntington Ingalls Industries has an average rating of "Hold" and an average price target of $228.89.

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Price Performance

NYSE HII traded down $0.93 during trading on Friday, reaching $187.95. The company's stock had a trading volume of 608,910 shares, compared to its average volume of 523,225. The stock has a market capitalization of $7.35 billion, a PE ratio of 10.61, a P/E/G ratio of 1.83 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The firm has a fifty day moving average of $224.52 and a 200 day moving average of $247.51. Huntington Ingalls Industries, Inc. has a one year low of $184.29 and a one year high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts' consensus estimates of $3.84 by ($1.28). The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate 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 was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.70 EPS. Analysts expect that Huntington Ingalls Industries, Inc. will post 14.31 EPS 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 paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.87%. This is an increase from Huntington Ingalls Industries's previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, November 29th. Huntington Ingalls Industries's dividend payout ratio is 30.49%.

Huntington Ingalls Industries Profile

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.