Huntington Ingalls Industries, Inc. (NYSE:HII) Position Lowered by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 95.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,182 shares of the aerospace company’s stock after selling 95,565 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Huntington Ingalls Industries were worth $853,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock worth $950,391,000 after acquiring an additional 14,988 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Huntington Ingalls Industries by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock worth $197,677,000 after purchasing an additional 29,670 shares during the period. Earnest Partners LLC boosted its holdings in Huntington Ingalls Industries by 32.6% in the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company’s stock worth $157,216,000 after purchasing an additional 204,376 shares during the period. Dimensional Fund Advisors LP increased its stake in Huntington Ingalls Industries by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company’s stock valued at $109,316,000 after purchasing an additional 77,718 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Huntington Ingalls Industries by 75,182.7% during the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company’s stock worth $1,004,590,000 after purchasing an additional 491,695 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $252.22 on Friday. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The company has a market cap of $9.90 billion, a PE ratio of 18.17, a P/E/G ratio of 1.59 and a beta of 0.31. The stock has a 50 day simple moving average of $231.16 and a 200-day simple moving average of $206.69. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57.

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, beating the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the business earned $3.87 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

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

Insider Activity

In other news, VP Chad N. Boudreaux sold 1,965 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the sale, the vice president owned 21,228 shares in the company, valued at $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the transaction, the vice president directly owned 9,581 shares in the company, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,225 shares of company stock worth $1,207,207. 0.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HII. Barclays boosted their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. The Goldman Sachs Group upped their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, Alembic Global Advisors upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price target on the stock in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus price target of $236.38.

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.