Voya Investment Management LLC Reduces Stake in Huntington Ingalls Industries, Inc. $HII

Voya Investment Management LLC decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 23.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,340 shares of the aerospace company’s stock after selling 2,517 shares during the quarter. Voya Investment Management LLC’s holdings in Huntington Ingalls Industries were worth $2,401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maverick Capital Ltd. acquired a new stake in Huntington Ingalls Industries during the second quarter worth approximately $93,332,000. Sound Shore Management Inc CT purchased a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at $80,047,000. Jacobs Levy Equity Management Inc. grew its position in shares of Huntington Ingalls Industries by 94.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock valued at $83,311,000 after buying an additional 197,825 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in Huntington Ingalls Industries by 3,576.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock worth $47,268,000 after acquiring an additional 190,434 shares in the last quarter. Finally, Sunriver Management LLC purchased a new stake in Huntington Ingalls Industries in the second quarter valued at $31,532,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Down 1.2%

Huntington Ingalls Industries stock opened at $351.11 on Friday. The stock has a 50 day moving average of $315.98 and a two-hundred day moving average of $282.24. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $360.20. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.68 and a beta of 0.37. The company has a current ratio of 1.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, topping the consensus estimate of $3.29 by $0.39. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the prior year, the business earned $2.56 earnings per share. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $1.38 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, November 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.12%.

Analyst Ratings Changes

Several brokerages have issued reports on HII. JPMorgan Chase & Co. raised their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Wall Street Zen upgraded Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. Citigroup initiated coverage on Huntington Ingalls Industries in a research report on Friday, December 12th. They set a “buy” rating and a $376.00 price target on the stock. TD Cowen increased their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $325.75.

Insider Activity

In other news, CAO Nicolas G. Schuck sold 466 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total value of $146,491.76. Following the sale, the chief accounting officer owned 2,418 shares of the company’s stock, valued at $760,122.48. The trade was a 16.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Chad N. Boudreaux sold 787 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total transaction of $247,251.79. Following the transaction, the vice president owned 20,441 shares in the company, valued at approximately $6,421,948.97. This trade represents a 3.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,103 shares of company stock worth $5,477,768 over the last quarter. Insiders own 0.72% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.