Old Mutual Global Investors UK Ltd. trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 98.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,012 shares of the aerospace company’s stock after selling 178,423 shares during the quarter. Old Mutual Global Investors UK Ltd.’s holdings in Huntington Ingalls Industries were worth $455,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Advisor Partners LLC raised its holdings in shares of Huntington Ingalls Industries by 0.3% in the 2nd quarter. Advisor Partners LLC now owns 1,391 shares of the aerospace company’s stock valued at $259,000 after purchasing an additional 4 shares during the period. ProVise Management Group LLC raised its holdings in shares of Huntington Ingalls Industries by 1.0% in the 2nd quarter. ProVise Management Group LLC now owns 2,548 shares of the aerospace company’s stock valued at $474,000 after purchasing an additional 26 shares during the period. Somerset Trust Co raised its holdings in shares of Huntington Ingalls Industries by 1.0% in the 2nd quarter. Somerset Trust Co now owns 2,833 shares of the aerospace company’s stock valued at $528,000 after purchasing an additional 27 shares during the period. Toronto Dominion Bank raised its holdings in shares of Huntington Ingalls Industries by 6.8% in the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock valued at $105,000 after purchasing an additional 36 shares during the period. Finally, World Asset Management Inc raised its holdings in shares of Huntington Ingalls Industries by 1.7% in the 2nd quarter. World Asset Management Inc now owns 2,588 shares of the aerospace company’s stock valued at $482,000 after purchasing an additional 44 shares during the period. 85.27% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries, Inc. (NYSE:HII) opened at $240.66 on Friday. Huntington Ingalls Industries, Inc. has a 52-week low of $169.87 and a 52-week high of $253.44. The stock has a market cap of $10,978.12, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 1.39 and a beta of 1.19. The company has a current ratio of 1.52, a quick ratio of 1.47 and a debt-to-equity ratio of 0.75.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business posted $2.27 EPS. The business’s revenue was up 10.7% compared to the same quarter last year. sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 11.6 earnings per share for the current year.

Huntington Ingalls Industries announced that its Board of Directors has authorized a share buyback program on Tuesday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Wednesday, November 22nd. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. Huntington Ingalls Industries’s dividend payout ratio is presently 18.13%.

A number of brokerages have recently issued reports on HII. Credit Suisse Group reaffirmed a “neutral” rating and issued a $241.00 target price (up from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price target on the stock in a research note on Friday. Citigroup Inc. reiterated a “neutral” rating and issued a $233.00 price target (up previously from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. Cowen and Company reiterated a “hold” rating and issued a $225.00 price target on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. Finally, ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. 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. The stock has an average rating of “Hold” and an average target price of $222.57.

In other Huntington Ingalls Industries news, 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 transaction of $642,073.50. Following the transaction, the vice president now owns 32,810 shares in the company, valued at approximately $7,057,431. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.22% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/11/old-mutual-global-investors-uk-ltd-has-455000-holdings-in-huntington-ingalls-industries-inc-hii.html.

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.

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

Receive News & Stock Ratings for Huntington Ingalls Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries Inc. and related stocks with our FREE daily email newsletter.