Los Angeles Capital Management LLC Trims Holdings in Huntington Ingalls Industries, Inc. $HII

Los Angeles Capital Management LLC trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 63.3% in the 4th quarter, Holdings Channel reports. The fund owned 4,706 shares of the aerospace company’s stock after selling 8,130 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Huntington Ingalls Industries were worth $1,502,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. CYBER HORNET ETFs LLC bought a new position in shares of Huntington Ingalls Industries during the second quarter valued at approximately $25,000. Rakuten Securities Inc. boosted its position in shares of Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares in the last quarter. NBC Securities Inc. boosted its position in shares of Huntington Ingalls Industries by 87.2% in the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Huntington Ingalls Industries by 363.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after buying an additional 109 shares during the last quarter. Finally, Community Bank N.A. bought a new position in Huntington Ingalls Industries during the 3rd quarter valued at approximately $35,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the transaction, the vice president directly owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This represents a 29.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Price Performance

HII opened at $289.09 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The stock has a market capitalization of $11.39 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.26 and a beta of 0.23. The company’s 50-day simple moving average is $346.96 and its two-hundred day simple moving average is $371.50. Huntington Ingalls Industries, Inc. has a 52-week low of $215.04 and a 52-week high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the prior year, the business earned $3.79 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts predict that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HII shares. Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Bank of America raised shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $300.00 to $400.00 in a research report on Thursday, February 12th. Citigroup reduced their price objective on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company began coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus price target of $388.50.

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.