OMERS ADMINISTRATION Corp Trims Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

OMERS ADMINISTRATION Corp trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 28.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,856 shares of the aerospace company’s stock after selling 2,322 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Huntington Ingalls Industries were worth $1,107,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HII. EverSource Wealth Advisors LLC increased its holdings in Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Huntington Ingalls Industries in the 4th quarter worth approximately $48,000. Canada Post Corp Registered Pension Plan purchased a new stake in Huntington Ingalls Industries in the 4th quarter worth approximately $70,000. SRS Capital Advisors Inc. increased its holdings in Huntington Ingalls Industries by 156.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock worth $91,000 after acquiring an additional 294 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Huntington Ingalls Industries by 37.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock worth $101,000 after acquiring an additional 145 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HII shares. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 target price for the company in a report on Thursday. The Goldman Sachs Group boosted their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, Barclays boosted their price target on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $244.56.

Huntington Ingalls Industries Stock Up 0.8%

NYSE HII opened at $229.99 on Friday. The stock’s 50 day moving average is $212.88 and its 200 day moving average is $198.17. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The stock has a market cap of $9.02 billion, a PE ratio of 16.47, a P/E/G ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the company posted $3.87 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. Research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries’s payout ratio is 38.90%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the sale, the vice president now owns 9,581 shares of the company’s stock, valued at $2,221,929.71. The trade was a 11.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the sale, the director now directly owns 17,485 shares in the company, valued at approximately $4,066,661.30. The trade was a 10.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,010 shares of company stock valued at $899,510 in the last quarter. 0.72% of the stock is currently owned by insiders.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.