GSA Capital Partners LLP reduced its stake in Huntington Ingalls Industries Inc (NYSE:HII) by 22.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,958 shares of the aerospace company’s stock after selling 1,731 shares during the period. GSA Capital Partners LLP’s holdings in Huntington Ingalls Industries were worth $1,349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. California Public Employees Retirement System increased its stake in Huntington Ingalls Industries by 9.4% during the third quarter. California Public Employees Retirement System now owns 117,464 shares of the aerospace company’s stock worth $26,599,000 after purchasing an additional 10,064 shares during the period. Cambria Investment Management L.P. purchased a new stake in Huntington Ingalls Industries during the third quarter worth about $941,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Huntington Ingalls Industries by 37.1% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,093 shares of the aerospace company’s stock worth $474,000 after purchasing an additional 566 shares during the period. Cubist Systematic Strategies LLC increased its stake in Huntington Ingalls Industries by 58.3% during the third quarter. Cubist Systematic Strategies LLC now owns 2,793 shares of the aerospace company’s stock worth $632,000 after purchasing an additional 1,029 shares during the period. Finally, Earnest Partners LLC increased its stake in Huntington Ingalls Industries by 3.1% during the third quarter. Earnest Partners LLC now owns 169,589 shares of the aerospace company’s stock worth $38,402,000 after purchasing an additional 5,142 shares during the period. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Huntington Ingalls Industries Inc (NYSE HII) opened at $238.02 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $10,772.18, a P/E ratio of 19.80, a P/E/G ratio of 1.31 and a beta of 1.17. Huntington Ingalls Industries Inc has a fifty-two week low of $183.38 and a fifty-two week high of $253.44.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.49. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.80 billion. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.27 earnings per share. equities analysts anticipate that Huntington Ingalls Industries Inc will post 12.09 EPS for the current fiscal year.

Huntington Ingalls Industries announced that its Board of Directors has authorized a share buyback plan on Tuesday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.21%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, November 22nd. Huntington Ingalls Industries’s dividend payout ratio is 21.75%.

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $240.33, for a total value of $192,264.00. Following the completion of the sale, the vice president now owns 19,065 shares in the company, valued at $4,581,891.45. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Philip M. Bilden acquired 2,200 shares of Huntington Ingalls Industries stock in a transaction on Friday, November 24th. The stock was purchased at an average price of $234.11 per share, with a total value of $515,042.00. The disclosure for this purchase can be found here. Corporate insiders own 2.22% of the company’s stock.

A number of equities analysts have recently commented on the company. Credit Suisse Group reissued a “neutral” rating and set a $241.00 price objective (up from $211.00) on shares of Huntington Ingalls Industries in a research report on Thursday, November 9th. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price objective for the company in a research report on Friday, November 10th. Citigroup reissued a “neutral” rating and set a $233.00 price objective (up from $224.00) on shares of Huntington Ingalls Industries in a research report on Monday, October 9th. Cowen reissued a “hold” rating and set a $225.00 price objective on shares of Huntington Ingalls Industries in a research report on Friday, October 6th. Finally, ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $222.57.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/huntington-ingalls-industries-inc-hii-shares-sold-by-gsa-capital-partners-llp/1776210.html.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

Receive News & Ratings for Huntington Ingalls Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries and related companies with MarketBeat.com's FREE daily email newsletter.