Korea Investment CORP reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 25.9% during the second quarter, Holdings Channel reports. The firm owned 48,000 shares of the aerospace company’s stock after selling 16,800 shares during the period. Korea Investment CORP’s holdings in Huntington Ingalls Industries were worth $8,936,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in shares of Huntington Ingalls Industries by 25.0% in the first quarter. Tower Research Capital LLC TRC now owns 500 shares of the aerospace company’s stock valued at $100,000 after buying an additional 100 shares during the period. Huntington National Bank increased its position in shares of Huntington Ingalls Industries by 112.9% in the first quarter. Huntington National Bank now owns 511 shares of the aerospace company’s stock valued at $102,000 after buying an additional 271 shares during the period. Toronto Dominion Bank increased its position in shares of Huntington Ingalls Industries by 30.6% in the first quarter. Toronto Dominion Bank now owns 529 shares of the aerospace company’s stock valued at $106,000 after buying an additional 124 shares during the period. Israel Discount Bank of New York acquired a new position in shares of Huntington Ingalls Industries during the first quarter valued at approximately $115,000. Finally, Van ECK Associates Corp increased its position in shares of Huntington Ingalls Industries by 6.3% in the first quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock valued at $135,000 after buying an additional 40 shares during the period. 85.98% of the stock is currently owned by institutional investors.

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) opened at 214.76 on Thursday. The company’s 50-day moving average price is $198.48 and its 200-day moving average price is $200.59. Huntington Ingalls Industries, Inc. has a 12 month low of $146.52 and a 12 month high of $220.68. The company has a market cap of $9.88 billion, a P/E ratio of 18.14 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.59. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.32 EPS. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post $11.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.12%. Huntington Ingalls Industries’s dividend payout ratio is currently 19.61%.

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Several brokerages have commented on HII. BidaskClub raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $240.00 price objective (up previously from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price objective on the stock in a research report on Monday, July 17th. Credit Suisse Group cut their price objective on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating on the stock in a research report on Monday, May 15th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $210.00 price objective on shares of Huntington Ingalls Industries in a research report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $205.00.

In other Huntington Ingalls Industries news, VP Christopher D. Kastner acquired 4,183 shares of the stock in a transaction dated Wednesday, May 24th. The stock was acquired at an average cost of $189.40 per share, with a total value of $792,260.20. Following the transaction, the vice president now owns 39,464 shares in the company, valued at approximately $7,474,481.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP D R. Wyatt sold 850 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $197.60, for a total value of $167,960.00. Following the transaction, the vice president now directly owns 20,740 shares of the company’s stock, valued at $4,098,224. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,764 shares of company stock valued at $930,588. Insiders own 2.22% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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

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