Yousif Capital Management LLC Lowers Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Yousif Capital Management LLC reduced its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 52.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,942 shares of the aerospace company’s stock after selling 4,269 shares during the period. Yousif Capital Management LLC’s holdings in Huntington Ingalls Industries were worth $1,024,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. South Dakota Investment Council increased its position in shares of Huntington Ingalls Industries by 42.8% during the fourth quarter. South Dakota Investment Council now owns 6,677 shares of the aerospace company’s stock valued at $1,734,000 after acquiring an additional 2,000 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Huntington Ingalls Industries in the 4th quarter valued at approximately $64,000. Aspire Private Capital LLC purchased a new stake in Huntington Ingalls Industries in the fourth quarter valued at approximately $471,000. California Public Employees Retirement System lifted its stake in Huntington Ingalls Industries by 0.7% during the fourth quarter. California Public Employees Retirement System now owns 223,473 shares of the aerospace company’s stock worth $58,023,000 after purchasing an additional 1,456 shares in the last quarter. Finally, Foundry Partners LLC purchased a new position in shares of Huntington Ingalls Industries during the fourth quarter worth $214,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Up 0.4 %

HII opened at $246.23 on Friday. The business has a fifty day moving average price of $283.26 and a 200 day moving average price of $261.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89. Huntington Ingalls Industries, Inc. has a 12 month low of $188.51 and a 12 month high of $299.50. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 2.31 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.37. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter last year, the business posted $3.23 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $1.30 per share. The ex-dividend date is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.11%. Huntington Ingalls Industries’s payout ratio is currently 29.31%.

Insider Activity at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 1,293 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the transaction, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at approximately $655,380. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Nicolas G. Schuck sold 1,293 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the sale, the chief accounting officer now owns 2,250 shares in the company, valued at $655,380. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP D R. Wyatt sold 900 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the transaction, the vice president now directly owns 19,100 shares of the company’s stock, valued at $5,036,479. The disclosure for this sale can be found here. Insiders have sold 8,472 shares of company stock valued at $2,398,345 over the last quarter. 0.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays increased their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. StockNews.com cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, March 21st.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. 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.