Korea Investment CORP trimmed its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 34.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,473 shares of the aerospace company’s stock after selling 3,400 shares during the period. Korea Investment CORP’s holdings in Huntington Ingalls Industries were worth $1,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc lifted its position in shares of Huntington Ingalls Industries by 0.4% in the third quarter. Vanguard Group Inc now owns 4,988,200 shares of the aerospace company’s stock worth $1,277,378,000 after buying an additional 19,861 shares in the last quarter. FMR LLC lifted its position in shares of Huntington Ingalls Industries by 5.3% in the third quarter. FMR LLC now owns 4,014,096 shares of the aerospace company’s stock worth $1,027,930,000 after buying an additional 200,602 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Huntington Ingalls Industries by 7.5% in the third quarter. AQR Capital Management LLC now owns 2,208,378 shares of the aerospace company’s stock worth $565,521,000 after buying an additional 153,989 shares in the last quarter. LSV Asset Management lifted its position in shares of Huntington Ingalls Industries by 425.0% in the fourth quarter. LSV Asset Management now owns 1,545,657 shares of the aerospace company’s stock worth $294,153,000 after buying an additional 1,251,220 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its position in shares of Huntington Ingalls Industries by 32.2% in the third quarter. Artemis Investment Management LLP now owns 617,820 shares of the aerospace company’s stock worth $158,232,000 after buying an additional 150,552 shares in the last quarter. Institutional investors and hedge funds own 85.90% of the company’s stock.

HII has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Tuesday, January 15th. Citigroup decreased their target price on Huntington Ingalls Industries from $260.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, January 14th. Cowen reiterated a “buy” rating and issued a $260.00 target price on shares of Huntington Ingalls Industries in a research report on Monday, January 14th. ValuEngine upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, JPMorgan Chase & Co. initiated coverage on Huntington Ingalls Industries in a research report on Monday, January 7th. They issued a “neutral” rating and a $230.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $248.00.

In other news, Director Thomas B. Fargo sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $220.57, for a total transaction of $154,399.00. Following the transaction, the director now owns 648 shares of the company’s stock, valued at $142,929.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jennifer R. Boykin sold 2,647 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $199.66, for a total value of $528,500.02. Following the transaction, the vice president now directly owns 4,660 shares in the company, valued at approximately $930,415.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,909 shares of company stock worth $2,480,337. Company insiders own 2.32% of the company’s stock.

Shares of HII stock opened at $204.41 on Friday. Huntington Ingalls Industries Inc has a 1 year low of $173.80 and a 1 year high of $267.73. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.85. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 10.71 and a beta of 1.14.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 14th. The aerospace company reported $4.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.49. Huntington Ingalls Industries had a return on equity of 49.48% and a net margin of 10.23%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the business posted $3.11 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts anticipate that Huntington Ingalls Industries Inc will post 15.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 22nd were given a dividend of $0.86 per share. The ex-dividend date was Thursday, February 21st. This represents a $3.44 dividend on an annualized basis and a yield of 1.68%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 18.02%.

TRADEMARK VIOLATION NOTICE: “Huntington Ingalls Industries Inc (HII) Shares Sold by Korea Investment CORP” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/huntington-ingalls-industries-inc-hii-shares-sold-by-korea-investment-corp/2896987.html.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

Featured Article: Why Net Income is Important to Investors

Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries Inc (NYSE:HII).

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.