Earnest Partners LLC reduced its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 164,447 shares of the aerospace company’s stock after selling 2,751 shares during the quarter. Earnest Partners LLC owned about 0.36% of Huntington Ingalls Industries worth $30,613,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its position in Huntington Ingalls Industries by 17.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 98,480 shares of the aerospace company’s stock worth $19,720,000 after buying an additional 14,667 shares during the last quarter. TD Asset Management Inc. raised its position in Huntington Ingalls Industries by 1.5% during the 1st quarter. TD Asset Management Inc. now owns 2,790 shares of the aerospace company’s stock worth $559,000 after buying an additional 40 shares during the last quarter. KBC Group NV raised its position in Huntington Ingalls Industries by 12.6% during the 1st quarter. KBC Group NV now owns 6,177 shares of the aerospace company’s stock worth $1,237,000 after buying an additional 692 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Huntington Ingalls Industries during the 1st quarter worth approximately $300,000. Finally, Van ECK Associates Corp raised its position in Huntington Ingalls Industries by 6.3% during the 1st 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. 85.45% of the stock is owned by hedge funds and other institutional investors.

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In other news, VP William R. Ermatinger sold 2,985 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $215.10, for a total value of $642,073.50. Following 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 accessible through the SEC website. Also, VP D R. Wyatt sold 800 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $214.83, for a total value of $171,864.00. Following the completion of the transaction, the vice president now owns 19,865 shares in the company, valued at $4,267,597.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,147 shares of company stock worth $1,276,890. 2.22% of the stock is owned by corporate insiders.

A number of research firms have issued reports on HII. BidaskClub raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Citigroup Inc. lifted their target price on shares of Huntington Ingalls Industries from $224.00 to $233.00 and gave the company a “neutral” rating in a report on Monday. Deutsche Bank AG reaffirmed a “buy” rating and set a $240.00 target price (up from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. Cowen and Company reaffirmed a “hold” rating and set a $210.00 target price on shares of Huntington Ingalls Industries in a report on Tuesday, August 22nd. Finally, ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two 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 stock currently has a consensus rating of “Hold” and a consensus target price of $209.00.

Shares of Huntington Ingalls Industries, Inc. (NYSE HII) traded up 0.252% during midday trading on Monday, reaching $236.425. 56,099 shares of the company’s stock traded hands. Huntington Ingalls Industries, Inc. has a 52 week low of $146.52 and a 52 week high of $236.71. The stock’s 50 day moving average is $216.35 and its 200-day moving average is $203.29. The company has a market capitalization of $10.74 billion, a PE ratio of 19.316 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the company earned $2.32 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post $11.54 earnings per share for the current fiscal year.

About Huntington Ingalls Industries

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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