GSA Capital Partners LLP lessened its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 40.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,689 shares of the aerospace company’s stock after selling 5,243 shares during the quarter. GSA Capital Partners LLP’s holdings in Huntington Ingalls Industries were worth $1,431,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Huntington Ingalls Industries by 2.7% during the 2nd quarter. BlackRock Inc. now owns 4,572,209 shares of the aerospace company’s stock worth $851,165,000 after buying an additional 120,171 shares during the last quarter. Vanguard Group Inc. grew its stake in Huntington Ingalls Industries by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 4,449,811 shares of the aerospace company’s stock worth $891,031,000 after buying an additional 166,765 shares during the last quarter. State Street Corp grew its stake in Huntington Ingalls Industries by 1.6% during the 1st quarter. State Street Corp now owns 2,909,155 shares of the aerospace company’s stock worth $582,521,000 after buying an additional 45,253 shares during the last quarter. FMR LLC grew its stake in Huntington Ingalls Industries by 2.3% during the 1st quarter. FMR LLC now owns 2,767,092 shares of the aerospace company’s stock worth $554,082,000 after buying an additional 62,820 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Huntington Ingalls Industries by 7.5% during the 1st quarter. AQR Capital Management LLC now owns 1,778,952 shares of the aerospace company’s stock worth $356,217,000 after buying an additional 124,237 shares during the last quarter. Hedge funds and other institutional investors own 85.45% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “GSA Capital Partners LLP Reduces Position in Huntington Ingalls Industries, Inc. (HII)” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.dailypolitical.com/2017/09/25/gsa-capital-partners-llp-reduces-position-in-huntington-ingalls-industries-inc-hii.html.

Shares of Huntington Ingalls Industries, Inc. (NYSE HII) opened at 220.37 on Monday. The firm’s 50-day moving average price is $211.22 and its 200-day moving average price is $201.95. Huntington Ingalls Industries, Inc. has a 52-week low of $146.52 and a 52-week high of $221.52. The firm has a market capitalization of $10.01 billion, a PE ratio of 18.00 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.59. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates 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 revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.32 earnings per share. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post $11.54 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 19.61%.

A number of research analysts recently issued reports on the company. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Cowen and Company restated a “hold” rating and set a $210.00 price target on shares of Huntington Ingalls Industries in a research note on Tuesday, August 22nd. Deutsche Bank AG restated a “buy” rating and set a $240.00 price target (up previously from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price target on the stock in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $205.00.

In other news, VP William R. Ermatinger sold 2,985 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was 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 of the company’s stock, valued at $7,057,431. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jerri F. Dickseski sold 1,552 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $193.09, for a total value of $299,675.68. Following the transaction, the vice president now directly owns 34,659 shares of the company’s stock, valued at $6,692,306.31. The disclosure for this sale can be found here. Insiders have sold 7,699 shares of company stock valued at $1,576,565 over the last ninety days. Corporate 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.

Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HII).

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

Receive News & Ratings for Huntington Ingalls Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.