Townsquare Capital LLC Reduces Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Townsquare Capital LLC trimmed its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 31.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,453 shares of the aerospace company's stock after selling 3,440 shares during the quarter. Townsquare Capital LLC's holdings in Huntington Ingalls Industries were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Yousif Capital Management LLC lifted its holdings in Huntington Ingalls Industries by 1.6% in the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company's stock worth $610,000 after buying an additional 52 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Huntington Ingalls Industries by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock valued at $2,254,000 after purchasing an additional 66 shares during the period. 1834 Investment Advisors Co. raised its holdings in Huntington Ingalls Industries by 3.9% in the 4th quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company's stock worth $365,000 after purchasing an additional 73 shares in the last quarter. Covestor Ltd lifted its position in shares of Huntington Ingalls Industries by 9.8% in the 4th quarter. Covestor Ltd now owns 815 shares of the aerospace company's stock worth $154,000 after purchasing an additional 73 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in shares of Huntington Ingalls Industries by 1.5% during the 4th quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company's stock valued at $989,000 after purchasing an additional 75 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Thomas C. Schievelbein bought 2,120 shares of the business's stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Up 1.0 %

Huntington Ingalls Industries stock traded up $2.24 during trading hours on Wednesday, hitting $219.46. The stock had a trading volume of 179,578 shares, compared to its average volume of 513,293. The stock's 50-day moving average price is $194.74 and its 200-day moving average price is $201.42. The stock has a market capitalization of $8.61 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts' consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.35 per share. The ex-dividend date was Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.46%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HII shares. Barclays lowered their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group raised shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and upped their target price for the stock from $145.00 to $234.00 in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $231.11.

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.