ICICI Prudential Asset Management Co Ltd Sells 9,661 Shares of Huntington Ingalls Industries, Inc. $HII

ICICI Prudential Asset Management Co Ltd lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,018 shares of the aerospace company’s stock after selling 9,661 shares during the quarter. Huntington Ingalls Industries makes up approximately 1.2% of ICICI Prudential Asset Management Co Ltd’s holdings, making the stock its 17th biggest holding. ICICI Prudential Asset Management Co Ltd’s holdings in Huntington Ingalls Industries were worth $9,868,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HII. Geneos Wealth Management Inc. grew its holdings in Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Huntington Ingalls Industries by 329.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock worth $88,000 after acquiring an additional 280 shares during the last quarter. Marshall Wace LLP grew its holdings in Huntington Ingalls Industries by 432.1% during the 2nd quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock worth $9,210,000 after acquiring an additional 30,975 shares during the last quarter. Cresset Asset Management LLC grew its holdings in Huntington Ingalls Industries by 23.0% during the 2nd quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock worth $381,000 after acquiring an additional 294 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in Huntington Ingalls Industries during the 2nd quarter worth about $398,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $300.78 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. Huntington Ingalls Industries, Inc. has a 1 year low of $223.49 and a 1 year high of $460.00. The company has a market cap of $11.85 billion, a PE ratio of 19.57, a PEG ratio of 1.22 and a beta of 0.23. The company’s 50-day moving average is $345.39 and its two-hundred day moving average is $371.46.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the company posted $3.79 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the transaction, the vice president directly owned 8,391 shares in the company, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup decreased their price objective on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a report on Monday, May 18th. TD Cowen decreased their price objective on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wells Fargo & Company assumed coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective on the stock. Finally, Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $388.50.

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.