Morgan Stanley lowered its holdings in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,775 shares of the aerospace company’s stock after selling 11,025 shares during the quarter. Morgan Stanley’s holdings in Huntington Ingalls Industries were worth $34,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in HII. FMR LLC lifted its position in Huntington Ingalls Industries by 18.5% during the second quarter. FMR LLC now owns 3,813,494 shares of the aerospace company’s stock valued at $826,727,000 after purchasing an additional 595,334 shares during the last quarter. AQR Capital Management LLC lifted its position in Huntington Ingalls Industries by 7.5% during the third quarter. AQR Capital Management LLC now owns 2,208,378 shares of the aerospace company’s stock valued at $565,521,000 after purchasing an additional 153,989 shares during the last quarter. Artemis Investment Management LLP lifted its position in Huntington Ingalls Industries by 32.2% during the third quarter. Artemis Investment Management LLP now owns 617,820 shares of the aerospace company’s stock valued at $158,232,000 after purchasing an additional 150,552 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Huntington Ingalls Industries by 30.3% during the third quarter. Bank of New York Mellon Corp now owns 511,604 shares of the aerospace company’s stock valued at $131,012,000 after purchasing an additional 118,953 shares during the last quarter. Finally, Man Group plc lifted its position in Huntington Ingalls Industries by 352.3% during the third quarter. Man Group plc now owns 137,879 shares of the aerospace company’s stock valued at $35,308,000 after purchasing an additional 107,398 shares during the last quarter. Institutional investors and hedge funds own 85.21% of the company’s stock.

HII has been the subject of several research reports. ValuEngine lowered shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Goldman Sachs Group lowered shares of Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 price objective for the company. in a research report on Thursday, October 11th. Zacks Investment Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. JPMorgan Chase & Co. initiated coverage on shares of Huntington Ingalls Industries in a research report on Monday, January 7th. They set a “neutral” rating and a $230.00 price objective for the company. Finally, Barclays lowered their price objective on shares of Huntington Ingalls Industries from $280.00 to $245.00 and set an “overweight” rating for the company in a research report on Tuesday, December 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $252.64.

Huntington Ingalls Industries stock opened at $194.52 on Monday. The stock has a market capitalization of $8.26 billion, a PE ratio of 16.02 and a beta of 1.11. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 1.03. Huntington Ingalls Industries Inc has a 12-month low of $173.80 and a 12-month high of $276.69.

Huntington Ingalls Industries (NYSE:HII) last released its 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 firm had revenue of $2.08 billion during the quarter, compared to analyst estimates 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 revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business earned $3.27 EPS. Research analysts forecast that Huntington Ingalls Industries Inc will post 18.21 EPS for the current year.

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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.

Further Reading: What is intrinsic value?

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

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