Marshall Wace North America L.P. lowered its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 12.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,228 shares of the aerospace company’s stock after selling 14,478 shares during the quarter. Marshall Wace North America L.P.’s holdings in Huntington Ingalls Industries were worth $27,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Global Financial Private Capital LLC bought a new position in Huntington Ingalls Industries in the second quarter worth approximately $402,000. Ontario Teachers Pension Plan Board bought a new position in Huntington Ingalls Industries during the second quarter valued at $312,000. Schroder Investment Management Group lifted its holdings in shares of Huntington Ingalls Industries by 5,517.5% in the 2nd quarter. Schroder Investment Management Group now owns 89,880 shares of the aerospace company’s stock worth $19,396,000 after acquiring an additional 88,280 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Huntington Ingalls Industries by 34.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,077 shares of the aerospace company’s stock worth $1,317,000 after acquiring an additional 1,555 shares during the last quarter. Finally, Scout Investments Inc. lifted its holdings in Huntington Ingalls Industries by 117.9% during the 3rd quarter. Scout Investments Inc. now owns 126,068 shares of the aerospace company’s stock valued at $32,283,000 after buying an additional 68,205 shares in the last quarter. Institutional investors own 85.44% of the company’s stock.

In other news, VP Jerri F. Dickseski sold 271 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $257.84, for a total transaction of $69,874.64. Following the transaction, the vice president now directly owns 34,750 shares in the company, valued at $8,959,940. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.22% of the company’s stock.

NYSE HII traded up $1.58 during trading hours on Friday, reaching $204.47. The company had a trading volume of 77,324 shares, compared to its average volume of 431,524. Huntington Ingalls Industries Inc has a 1-year low of $194.61 and a 1-year high of $276.69. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 1.03. The stock has a market capitalization of $8.75 billion, a P/E ratio of 16.84 and a beta of 1.08.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, November 8th. The aerospace company reported $5.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.14 by $1.15. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Huntington Ingalls Industries had a net margin of 8.63% and a return on equity of 43.71%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.27 earnings per share. As a group, analysts anticipate that Huntington Ingalls Industries Inc will post 17.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.86 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. This represents a $3.44 annualized dividend and a yield of 1.68%. The ex-dividend date is Thursday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 28.34%.

A number of equities research analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Huntington Ingalls Industries in a report on Wednesday, August 15th. They set a “buy” rating and a $290.00 price objective for the company. Cowen reiterated a “buy” rating and set a $260.00 price objective (up previously from $250.00) on shares of Huntington Ingalls Industries in a report on Friday, August 10th. Buckingham Research assumed coverage on shares of Huntington Ingalls Industries in a report on Wednesday, September 12th. They set a “buy” rating and a $297.00 price objective for the company. Seaport Global Securities assumed coverage on shares of Huntington Ingalls Industries in a report on Thursday, August 23rd. They set a “neutral” rating and a $260.00 price objective for the company. Finally, Bank of America decreased their price objective on shares of Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating for the company in a report on Friday, November 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $254.38.

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Huntington Ingalls Industries Profile

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.

Further Reading: Risk Tolerance and Your Investment Decisions

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

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