Russell Investments Group Ltd. lowered its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 58.4% during the second quarter, Holdings Channel reports. The fund owned 44,968 shares of the aerospace company’s stock after selling 63,202 shares during the period. Russell Investments Group Ltd.’s holdings in Huntington Ingalls Industries were worth $8,371,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in 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 worth $100,000 after buying an additional 100 shares during the last quarter. Huntington National Bank boosted its stake in Huntington Ingalls Industries by 112.9% in the first quarter. Huntington National Bank now owns 511 shares of the aerospace company’s stock worth $102,000 after buying an additional 271 shares during the last quarter. Toronto Dominion Bank boosted its stake in Huntington Ingalls Industries by 30.6% in the first quarter. Toronto Dominion Bank now owns 529 shares of the aerospace company’s stock worth $106,000 after buying an additional 124 shares during the last quarter. Israel Discount Bank of New York purchased a new stake in Huntington Ingalls Industries during the first quarter worth about $115,000. Finally, Van ECK Associates Corp boosted its stake in Huntington Ingalls Industries by 6.3% in the first quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock worth $135,000 after buying an additional 40 shares during the last quarter. 86.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Huntington Ingalls Industries, Inc. (HII) traded down 0.1500% during mid-day trading on Thursday, hitting $210.5038. The company’s stock had a trading volume of 52,966 shares. Huntington Ingalls Industries, Inc. has a 1-year low of $146.52 and a 1-year high of $220.68. The stock has a market cap of $9.56 billion, a PE ratio of 17.1980 and a beta of 1.18. The company has a 50-day moving average price of $202.32 and a 200-day moving average price of $201.31.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the business posted $2.32 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts predict that Huntington Ingalls Industries, Inc. will post $11.56 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 paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.14%. Huntington Ingalls Industries’s dividend payout ratio is 19.61%.

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A number of analysts recently issued reports on the company. Credit Suisse Group reduced their price objective on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a research report on Friday, May 5th. BidaskClub raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Deutsche Bank AG reissued a “buy” rating and set a $240.00 price objective (up previously from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday, August 9th. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. Finally, Cowen and Company reissued a “hold” rating and set a $210.00 price objective on shares of Huntington Ingalls Industries in a research report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $205.00.

In other news, VP William R. Ermatinger sold 2,985 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $215.10, for a total transaction of $642,073.50. Following the completion of the transaction, the vice president now directly owns 32,810 shares in the company, valued at approximately $7,057,431. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jerri F. Dickseski sold 1,552 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $193.09, for a total transaction of $299,675.68. Following the transaction, the vice president now owns 34,659 shares of the company’s stock, valued at $6,692,306.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,699 shares of company stock valued at $1,576,565. Company 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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