Rokos Capital Management LLP Sells 36,871 Shares of Huntington Ingalls Industries, Inc. $HII

Rokos Capital Management LLP reduced its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 9.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 348,746 shares of the aerospace company’s stock after selling 36,871 shares during the quarter. Huntington Ingalls Industries accounts for about 0.4% of Rokos Capital Management LLP’s holdings, making the stock its 18th biggest position. Rokos Capital Management LLP’s holdings in Huntington Ingalls Industries were worth $84,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HII. Geode Capital Management LLC boosted its position in shares of Huntington Ingalls Industries by 1.6% during the second quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock valued at $252,403,000 after buying an additional 16,236 shares during the last quarter. Earnest Partners LLC boosted its holdings in Huntington Ingalls Industries by 7.5% during the 1st quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company’s stock worth $182,443,000 after acquiring an additional 62,190 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Huntington Ingalls Industries by 26.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock worth $148,686,000 after acquiring an additional 150,204 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Huntington Ingalls Industries by 4.2% in the second quarter. Sei Investments Co. now owns 465,250 shares of the aerospace company’s stock valued at $112,337,000 after purchasing an additional 18,777 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Huntington Ingalls Industries by 94.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock valued at $83,311,000 after purchasing an additional 197,825 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 850 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $315.44, for a total value of $268,124.00. Following the completion of the transaction, the vice president directly owned 8,731 shares of the company’s stock, valued at $2,754,106.64. This trade represents a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher D. Kastner sold 15,000 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $321.06, for a total value of $4,815,900.00. Following the completion of the transaction, the chief executive officer owned 68,139 shares of the company’s stock, valued at approximately $21,876,707.34. This trade represents a 18.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,103 shares of company stock valued at $5,477,768 over the last 90 days. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $323.49 on Thursday. The company has a market capitalization of $12.69 billion, a P/E ratio of 22.34, a P/E/G ratio of 1.63 and a beta of 0.37. The business has a fifty day simple moving average of $303.22 and a two-hundred day simple moving average of $272.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.14 and a quick ratio of 1.06. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $330.00.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.29 by $0.39. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.56 EPS. On average, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, November 28th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s dividend payout ratio is currently 38.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. TD Cowen increased their price objective on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 price target on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. Wall Street Zen upgraded Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. Bank of America upped their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $318.57.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.