Kettle Hill Capital Management LLC Has $6.14 Million Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Kettle Hill Capital Management LLC decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 70.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,057 shares of the aerospace company’s stock after selling 42,759 shares during the period. Huntington Ingalls Industries makes up about 1.4% of Kettle Hill Capital Management LLC’s portfolio, making the stock its 22nd largest position. Kettle Hill Capital Management LLC’s holdings in Huntington Ingalls Industries were worth $6,141,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in Huntington Ingalls Industries during the second quarter worth $25,000. Rakuten Securities Inc. raised its holdings in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after buying an additional 63 shares during the last quarter. NBC Securities Inc. raised its holdings in Huntington Ingalls Industries by 87.2% during the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after buying an additional 41 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Huntington Ingalls Industries by 363.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 109 shares in the last quarter. Finally, Community Bank N.A. bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

HII opened at $299.74 on Tuesday. The firm has a market cap of $11.81 billion, a P/E ratio of 19.50, a PEG ratio of 1.26 and a beta of 0.23. The firm has a 50-day moving average of $341.55 and a 200 day moving average of $371.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. Huntington Ingalls Industries, Inc. has a fifty-two week low of $226.75 and a fifty-two week high of $460.00.

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

Huntington Ingalls Industries Dividend Announcement

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

Analyst Ratings Changes

HII has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Wells Fargo & Company initiated coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 target price on the stock. TD Cowen dropped their target price on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Citigroup reduced their price target on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus target price of $388.50.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the 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 completion of the transaction, the vice president owned 8,391 shares in the company, valued at $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is owned by corporate insiders.

Huntington Ingalls Industries 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.