Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton cut its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 485 shares of the aerospace company’s stock after selling 40 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Huntington Ingalls Industries were worth $120,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in Huntington Ingalls Industries by 8.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,889 shares of the aerospace company’s stock worth $1,451,000 after acquiring an additional 476 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Huntington Ingalls Industries by 32.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 160,008 shares of the aerospace company’s stock worth $39,415,000 after acquiring an additional 39,530 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Huntington Ingalls Industries by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock worth $128,443,000 after acquiring an additional 40,942 shares during the last quarter. AMG National Trust Bank boosted its position in Huntington Ingalls Industries by 7.8% during the second quarter. AMG National Trust Bank now owns 6,436 shares of the aerospace company’s stock worth $1,585,000 after acquiring an additional 467 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its position in Huntington Ingalls Industries by 760.0% during the second quarter. Independence Bank of Kentucky now owns 645 shares of the aerospace company’s stock worth $159,000 after acquiring an additional 570 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

HII opened at $280.05 on Thursday. Huntington Ingalls Industries, Inc. has a 52-week low of $199.11 and a 52-week high of $299.50. The company has a 50 day moving average of $261.13 and a two-hundred day moving average of $267.86. The company has a market cap of $11.04 billion, a P/E ratio of 15.79, a P/E/G ratio of 2.28 and a beta of 0.53. The company has a quick ratio of 0.89, a current ratio of 0.82 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the company earned $3.27 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. On average, analysts expect that Huntington Ingalls Industries, Inc. will post 16.32 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.31%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. StockNews.com lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Citigroup began coverage on shares of Huntington Ingalls Industries in a research note on Monday, May 20th. They set a “buy” rating and a $310.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Moderate Buy” and a consensus price target of $278.00.

Huntington Ingalls Industries Company Profile

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.