Steward Partners Investment Advisory LLC Cuts Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Steward Partners Investment Advisory LLC reduced its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating) by 14.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 689 shares of the aerospace company’s stock after selling 120 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Huntington Ingalls Industries were worth $137,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Huntington Ingalls Industries by 4.4% during the fourth quarter. State Street Corp now owns 3,410,095 shares of the aerospace company’s stock worth $636,801,000 after purchasing an additional 144,216 shares in the last quarter. Invesco Ltd. increased its holdings in Huntington Ingalls Industries by 16.7% in the fourth quarter. Invesco Ltd. now owns 775,921 shares of the aerospace company’s stock valued at $144,895,000 after buying an additional 110,773 shares in the last quarter. Geode Capital Management LLC increased its holdings in Huntington Ingalls Industries by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 756,411 shares of the aerospace company’s stock valued at $140,890,000 after buying an additional 2,139 shares in the last quarter. Cooke & Bieler LP increased its holdings in Huntington Ingalls Industries by 40.8% in the fourth quarter. Cooke & Bieler LP now owns 553,251 shares of the aerospace company’s stock valued at $103,314,000 after buying an additional 160,300 shares in the last quarter. Finally, Eaton Vance Management increased its holdings in Huntington Ingalls Industries by 13.4% in the fourth quarter. Eaton Vance Management now owns 478,189 shares of the aerospace company’s stock valued at $89,087,000 after buying an additional 56,360 shares in the last quarter. 85.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HII shares. Cowen raised shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and increased their target price for the company from $200.00 to $270.00 in a report on Thursday, April 14th. StockNews.com raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday. Finally, Cowen upgraded shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and increased their price target for the company from $200.00 to $270.00 in a research report on Thursday, April 14th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $236.00.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 4,222 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $207.99, for a total value of $878,133.78. Following the transaction, the vice president now owns 5,809 shares in the company, valued at approximately $1,208,213.91. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.16% of the stock is owned by company insiders.

Huntington Ingalls Industries Stock Up 0.4 %

Shares of NYSE HII opened at $217.64 on Tuesday. Huntington Ingalls Industries, Inc. has a 1 year low of $175.50 and a 1 year high of $228.66. The firm’s 50 day moving average price is $210.79 and its 200 day moving average price is $205.04. The firm has a market cap of $8.72 billion, a P/E ratio of 16.25 and a beta of 0.67. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.07 and a current ratio of 1.15.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last announced its earnings results on Thursday, May 5th. The aerospace company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.19. Huntington Ingalls Industries had a net margin of 5.46% and a return on equity of 21.69%. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the business earned $3.68 earnings per share. Huntington Ingalls Industries’s revenue was up 13.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 15.44 earnings per share for the current year.

Huntington Ingalls Industries Profile

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Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. 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.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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