LSV Asset Management Sells 32,022 Shares of Huntington Ingalls Industries, Inc. $HII

LSV Asset Management lowered its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 457,394 shares of the aerospace company’s stock after selling 32,022 shares during the period. LSV Asset Management owned approximately 1.17% of Huntington Ingalls Industries worth $131,688,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HII. Geode Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 1.6% in the second quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock valued at $252,403,000 after buying an additional 16,236 shares during the period. Bank of America Corp DE lifted its position in shares of Huntington Ingalls Industries by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock valued at $160,919,000 after acquiring an additional 25,737 shares during the period. Sei Investments Co. grew its holdings in shares of Huntington Ingalls Industries by 4.2% during the 2nd quarter. Sei Investments Co. now owns 465,250 shares of the aerospace company’s stock worth $112,337,000 after purchasing an additional 18,777 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth $93,332,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Huntington Ingalls Industries by 1.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 383,033 shares of the aerospace company’s stock worth $92,487,000 after purchasing an additional 6,670 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 787 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total value of $247,251.79. Following the completion of the transaction, the vice president directly owned 20,441 shares in the company, valued at approximately $6,421,948.97. This represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Edmond E. Jr. Hughes sold 850 shares of Huntington Ingalls Industries stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $315.44, for a total transaction of $268,124.00. Following the transaction, the vice president owned 8,731 shares in the company, valued at approximately $2,754,106.64. This trade represents a 8.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup increased their price objective on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Sanford C. Bernstein restated a “market perform” rating and set a $421.00 price objective on shares of Huntington Ingalls Industries in a research report on Wednesday. Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and raised their target price for the company from $300.00 to $400.00 in a report on Thursday. Finally, The Goldman Sachs Group boosted their price target on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $370.38.

Huntington Ingalls Industries Stock Up 3.5%

Shares of NYSE:HII opened at $406.55 on Friday. Huntington Ingalls Industries, Inc. has a 52-week low of $159.41 and a 52-week high of $436.14. The company has a market capitalization of $15.95 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.65 and a beta of 0.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. The company has a fifty day moving average of $376.30 and a 200-day moving average of $317.55.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the company posted $3.15 EPS. Huntington Ingalls Industries’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.4%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.