Huntington Ingalls Industries, Inc. $HII Stock Position Decreased by Sound Shore Management Inc CT

Sound Shore Management Inc CT decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 287,030 shares of the aerospace company’s stock after selling 44,481 shares during the period. Huntington Ingalls Industries makes up approximately 2.7% of Sound Shore Management Inc CT’s portfolio, making the stock its 18th biggest position. Sound Shore Management Inc CT’s holdings in Huntington Ingalls Industries were worth $82,639,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Maverick Capital Ltd. acquired a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $93,332,000. Orion Porfolio Solutions LLC increased its position in Huntington Ingalls Industries by 3,576.2% in the second quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock worth $47,268,000 after buying an additional 190,434 shares during the period. Sunriver Management LLC acquired a new stake in Huntington Ingalls Industries in the second quarter worth $31,532,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Huntington Ingalls Industries by 58.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,080 shares of the aerospace company’s stock valued at $67,145,000 after buying an additional 102,315 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Huntington Ingalls Industries by 68.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 184,938 shares of the aerospace company’s stock valued at $44,655,000 after acquiring an additional 74,959 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HII has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Sanford C. Bernstein reiterated a “market perform” rating and set a $421.00 price objective on shares of Huntington Ingalls Industries in a research report on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $370.38.

Insider Activity 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 transaction of $268,124.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Chad N. Boudreaux sold 787 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total value of $247,251.79. Following the sale, the vice president directly owned 20,441 shares in the company, valued at $6,421,948.97. This trade represents a 3.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Down 1.5%

Shares of HII stock opened at $393.26 on Thursday. Huntington Ingalls Industries, Inc. has a 1 year low of $159.41 and a 1 year high of $436.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. The business’s fifty day moving average is $374.49 and its 200-day moving average is $316.93. The stock has a market cap of $15.43 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.68 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.72 by $0.32. The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The company’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.15 earnings per share. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 35.91%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.