Mckinley Capital Management LLC Delaware cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,314 shares of the aerospace company’s stock after selling 2,944 shares during the period. Mckinley Capital Management LLC Delaware owned 0.16% of Huntington Ingalls Industries worth $13,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HII. UBS Asset Management Americas Inc. boosted its stake in shares of Huntington Ingalls Industries by 17.5% during the first quarter. UBS Asset Management Americas Inc. now owns 98,480 shares of the aerospace company’s stock valued at $19,720,000 after purchasing an additional 14,667 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Huntington Ingalls Industries by 1.5% during the first quarter. TD Asset Management Inc. now owns 2,790 shares of the aerospace company’s stock valued at $559,000 after purchasing an additional 40 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Huntington Ingalls Industries by 25.0% during the first quarter. State of Wisconsin Investment Board now owns 31,824 shares of the aerospace company’s stock valued at $6,372,000 after purchasing an additional 6,368 shares in the last quarter. Oxford Asset Management bought a new position in shares of Huntington Ingalls Industries during the first quarter valued at approximately $1,736,000. Finally, KBC Group NV boosted its stake in shares of Huntington Ingalls Industries by 12.6% during the first quarter. KBC Group NV now owns 6,177 shares of the aerospace company’s stock valued at $1,237,000 after purchasing an additional 692 shares in the last quarter. Hedge funds and other institutional investors own 85.45% of the company’s stock.

Huntington Ingalls Industries, Inc. (NYSE:HII) traded up 0.39% during midday trading on Tuesday, reaching $221.35. 94,214 shares of the company were exchanged. The company has a market capitalization of $10.05 billion, a PE ratio of 18.08 and a beta of 1.18. Huntington Ingalls Industries, Inc. has a 52 week low of $146.52 and a 52 week high of $222.07. The firm has a 50-day moving average price of $211.22 and a 200-day moving average price of $201.95.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the business posted $2.32 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post $11.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.09%. The ex-dividend date was Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 19.61%.

A number of research firms have recently issued reports on HII. ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Deutsche Bank AG reiterated a “buy” rating and set a $240.00 price objective (up from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday, August 9th. BidaskClub raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Cowen and Company reissued a “hold” rating and set a $210.00 target price on shares of Huntington Ingalls Industries in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 target price for the company in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $205.00.

In other Huntington Ingalls Industries news, VP William R. Ermatinger sold 2,985 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $215.10, for a total transaction of $642,073.50. Following the completion of the transaction, the vice president now owns 32,810 shares in the company, valued at approximately $7,057,431. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jerri F. Dickseski sold 1,552 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $193.09, for a total transaction of $299,675.68. Following the transaction, the vice president now owns 34,659 shares of the company’s stock, valued at approximately $6,692,306.31. The disclosure for this sale can be found here. Insiders have sold a total of 7,699 shares of company stock valued at $1,576,565 in the last quarter. 2.22% of the stock is currently owned by company insiders.

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Huntington Ingalls Industries Company 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.

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

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