Epoch Investment Partners Inc. Sells 4,953 Shares of Huntington Ingalls Industries, Inc. $HII

Epoch Investment Partners Inc. trimmed its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,772 shares of the aerospace company’s stock after selling 4,953 shares during the quarter. Epoch Investment Partners Inc. owned 0.24% of Huntington Ingalls Industries worth $35,244,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. M&T Bank Corp grew its holdings in shares of Huntington Ingalls Industries by 205.8% during the fourth quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company’s stock valued at $13,613,000 after buying an additional 26,940 shares during the last quarter. Chase Investment Counsel Corp bought a new position in Huntington Ingalls Industries in the 4th quarter valued at about $4,634,000. Builder Investment Group Inc. ADV acquired a new position in Huntington Ingalls Industries during the 4th quarter valued at about $6,815,000. Goldman Sachs Group Inc. boosted its stake in Huntington Ingalls Industries by 71.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 365,760 shares of the aerospace company’s stock valued at $124,384,000 after purchasing an additional 152,624 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in Huntington Ingalls Industries by 478.1% during the 4th quarter. Rothschild Investment LLC now owns 5,295 shares of the aerospace company’s stock worth $1,801,000 after purchasing an additional 4,379 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Up 0.2%

NYSE:HII opened at $287.55 on Friday. Huntington Ingalls Industries, Inc. has a 52 week low of $256.45 and a 52 week high of $460.00. The firm has a 50-day moving average price of $292.90 and a two-hundred day moving average price of $361.50. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.23 and a beta of 0.25.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.79 EPS. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company started coverage on Huntington Ingalls Industries in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 target price on the stock. TD Cowen decreased their price target on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a report on Monday, July 13th. Citigroup lowered their price target on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Wall Street Zen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $374.00.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value 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 represents a 29.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.80% of the company’s stock.

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.