Martingale Asset Management L P Decreases Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Martingale Asset Management L P decreased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,799 shares of the aerospace company’s stock after selling 10,749 shares during the period. Martingale Asset Management L P owned approximately 0.20% of Huntington Ingalls Industries worth $21,097,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC boosted its position in shares of Huntington Ingalls Industries by 142.8% in the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after buying an additional 3,088 shares during the period. SteelPeak Wealth LLC purchased a new position in Huntington Ingalls Industries in the second quarter valued at about $1,769,000. Old North State Wealth Management LLC boosted its holdings in Huntington Ingalls Industries by 60.6% in the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock valued at $3,122,000 after purchasing an additional 4,450 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new position in Huntington Ingalls Industries in the third quarter valued at about $47,698,000. Finally, Manning & Napier Advisors LLC purchased a new position in Huntington Ingalls Industries in the second quarter valued at about $3,565,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HII. The Goldman Sachs Group reduced their price target on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft reduced their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a report on Friday, November 1st. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Bank of America reduced their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Stock Up 0.7 %

HII opened at $199.37 on Friday. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50. 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 stock has a market cap of $7.80 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.87 and a beta of 0.55. The stock’s 50 day moving average price is $234.27 and its 200 day moving average price is $250.48.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the business posted $3.70 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, research analysts predict that Huntington Ingalls Industries, Inc. will post 14.51 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 2.71%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.36%.

Insider Activity

In other news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is owned by insiders.

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.