BlackRock Group LTD reduced its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 20.9% during the third quarter, Holdings Channel reports. The institutional investor owned 51,340 shares of the company’s stock after selling 13,585 shares during the period. BlackRock Group LTD owned approximately 0.11% of Huntington Ingalls Industries worth $7,877,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HII. MSI Financial Services Inc increased its stake in shares of Huntington Ingalls Industries by 16.2% in the third quarter. MSI Financial Services Inc now owns 724 shares of the company’s stock worth $111,000 after buying an additional 101 shares in the last quarter. Herndon Capital Management LLC increased its stake in shares of Huntington Ingalls Industries by 6.7% in the second quarter. Herndon Capital Management LLC now owns 830 shares of the company’s stock worth $139,000 after buying an additional 52 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Huntington Ingalls Industries during the third quarter worth $132,000. LS Investment Advisors LLC purchased a new stake in shares of Huntington Ingalls Industries during the second quarter worth $193,000. Finally, IFP Advisors Inc increased its stake in shares of Huntington Ingalls Industries by 4.1% in the second quarter. IFP Advisors Inc now owns 1,174 shares of the company’s stock worth $197,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

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

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) traded up 0.85% during trading on Friday, hitting $192.70. 38,591 shares of the stock traded hands. Huntington Ingalls Industries, Inc. has a 52 week low of $118.20 and a 52 week high of $197.28. The firm has a market cap of $8.93 billion, a P/E ratio of 21.45 and a beta of 1.19. The company has a 50-day moving average of $184.57 and a 200-day moving average of $169.04.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, November 3rd. The company reported $2.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.40 by $0.13. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.68 billion. Huntington Ingalls Industries had a return on equity of 29.26% and a net margin of 6.04%. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 earnings per share. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post $10.36 EPS for the current fiscal year.

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A number of analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Deutsche Bank AG increased their target price on Huntington Ingalls Industries from $190.00 to $198.00 and gave the stock a “buy” rating in a research note on Monday, December 5th. Wells Fargo & Company reissued a “hold” rating on shares of Huntington Ingalls Industries in a research note on Monday, November 14th. Bank of America Corporation raised Huntington Ingalls Industries from a “neutral” rating to a “buy” rating in a research note on Thursday. Finally, Cowen and Company cut Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $185.00 to $165.00 in a research note on Tuesday, September 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $161.78.

In other news, VP Jerri F. Dickseski sold 776 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $185.00, for a total transaction of $143,560.00. Following the sale, the vice president now directly owns 33,269 shares in the company, valued at $6,154,765. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Matthew J. Mulherin sold 8,000 shares of the business’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $180.49, for a total value of $1,443,920.00. Following the sale, the vice president now owns 103,613 shares in the company, valued at $18,701,110.37. The disclosure for this sale can be found here. Insiders own 2.76% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.

5 Day Chart for NYSE:HII

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