Cambridge Investment Research Advisors Inc. Decreases Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Cambridge Investment Research Advisors Inc. cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,315 shares of the aerospace company’s stock after selling 233 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $1,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Huntington Ingalls Industries by 75,182.7% in the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company’s stock worth $1,004,590,000 after buying an additional 491,695 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of Huntington Ingalls Industries by 1,648.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company’s stock worth $71,029,000 after buying an additional 354,374 shares during the period. River Road Asset Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth approximately $65,215,000. Diamond Hill Capital Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 132.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock worth $79,387,000 after buying an additional 239,688 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 4,900.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company’s stock worth $39,774,000 after buying an additional 206,271 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,300 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the transaction, the vice president directly owned 9,581 shares of the company’s stock, valued at $2,221,929.71. The trade was a 11.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the sale, the director directly owned 17,485 shares of the company’s stock, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,225 shares of company stock worth $1,207,207. 0.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on HII shares. Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 target price on the stock in a research report on Thursday, May 15th. Barclays raised their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group raised their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $236.38.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $252.22 on Friday. The stock’s 50-day moving average is $231.16 and its two-hundred day moving average is $206.69. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.59 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.89. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.87 earnings per share. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.14%. Huntington Ingalls Industries’s payout ratio is 38.90%.

Huntington Ingalls Industries 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.