Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. reduced its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 47.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,209 shares of the aerospace company’s stock after selling 3,744 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Huntington Ingalls Industries were worth $1,113,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $29,000. Family Firm Inc. purchased a new position in Huntington Ingalls Industries during the 2nd quarter worth approximately $35,000. Rothschild Investment LLC acquired a new position in Huntington Ingalls Industries during the second quarter worth approximately $37,000. ORG Partners LLC lifted its stake in Huntington Ingalls Industries by 484.6% in the second quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock valued at $38,000 after buying an additional 126 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the sale, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Down 0.5 %

Huntington Ingalls Industries stock opened at $187.95 on Monday. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 1.83 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The stock’s fifty day moving average is $224.52 and its two-hundred day moving average is $247.46.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the business earned $3.70 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Analysts predict that Huntington Ingalls Industries, Inc. will post 14.31 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.87%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is 30.49%.

Wall Street Analyst Weigh In

HII has been the topic of a number of recent research reports. Bank of America dropped their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target for the company. in a report on Friday, November 1st. Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a research note on Thursday, October 10th. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Profile

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.