Symphony Asset Management LLC reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 10.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,817 shares of the aerospace company’s stock after selling 1,851 shares during the quarter. Symphony Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $2,945,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of HII. Riverhead Capital Management LLC lifted its stake in Huntington Ingalls Industries by 12.5% in the second quarter. Riverhead Capital Management LLC now owns 13,130 shares of the aerospace company’s stock valued at $2,444,000 after acquiring an additional 1,460 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Huntington Ingalls Industries by 4.4% in the second quarter. Alliancebernstein L.P. now owns 35,015 shares of the aerospace company’s stock valued at $6,518,000 after acquiring an additional 1,470 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Huntington Ingalls Industries by 6.9% in the second quarter. Wells Fargo & Company MN now owns 732,828 shares of the aerospace company’s stock valued at $136,423,000 after acquiring an additional 47,379 shares during the last quarter. Eaton Vance Management acquired a new stake in Huntington Ingalls Industries in the second quarter valued at approximately $248,000. Finally, AGF Investments Inc. lifted its stake in Huntington Ingalls Industries by 2.2% in the second quarter. AGF Investments Inc. now owns 139,913 shares of the aerospace company’s stock valued at $26,054,000 after acquiring an additional 3,022 shares during the last quarter. Institutional investors and hedge funds own 85.46% of the company’s stock.

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In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 2,362 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $196.00, for a total transaction of $462,952.00. Following the completion of the transaction, the vice president now owns 6,425 shares of the company’s stock, valued at approximately $1,259,300. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP William R. Ermatinger sold 2,985 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $215.10, for a total value of $642,073.50. Following the completion of the sale, the vice president now directly owns 32,810 shares of the company’s stock, valued at approximately $7,057,431. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,699 shares of company stock valued at $1,576,565. Insiders own 2.22% of the company’s stock.

A number of analysts have issued reports on HII shares. BidaskClub upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 target price for the company in a research note on Monday, July 17th. Credit Suisse Group reduced their target price on shares of Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a research note on Monday, May 15th. ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Cowen and Company reiterated a “hold” rating and issued a $210.00 target price on shares of Huntington Ingalls Industries in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Huntington Ingalls Industries has an average rating of “Hold” and an average price target of $205.00.

Huntington Ingalls Industries, Inc. (NYSE:HII) traded up 0.32% during trading on Monday, hitting $211.11. 50,216 shares of the stock were exchanged. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 17.25 and a beta of 1.18. Huntington Ingalls Industries, Inc. has a 1-year low of $146.52 and a 1-year high of $220.68. The firm’s 50 day moving average price is $209.56 and its 200-day moving average price is $202.20.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm posted $2.32 EPS. The business’s revenue was up 9.3% on a year-over-year basis. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post $11.54 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 19.61%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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

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