Huntington Ingalls Industries, Inc. $HII Stock Position Decreased by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 28.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 204,283 shares of the aerospace company’s stock after selling 82,747 shares during the period. Sound Shore Management Inc. CT’s holdings in Huntington Ingalls Industries were worth $69,471,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its stake in Huntington Ingalls Industries by 38,526.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock valued at $675,572,000 after purchasing an additional 1,981,424 shares during the period. AQR Capital Management LLC boosted its stake in Huntington Ingalls Industries by 509.2% during the 3rd quarter. AQR Capital Management LLC now owns 586,929 shares of the aerospace company’s stock valued at $168,983,000 after purchasing an additional 490,587 shares during the period. Orion Porfolio Solutions LLC boosted its stake in Huntington Ingalls Industries by 3,576.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock valued at $47,268,000 after purchasing an additional 190,434 shares during the period. Goldman Sachs Group Inc. boosted its stake in Huntington Ingalls Industries by 71.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 365,760 shares of the aerospace company’s stock valued at $124,384,000 after purchasing an additional 152,624 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Huntington Ingalls Industries by 42.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 396,425 shares of the aerospace company’s stock valued at $114,135,000 after purchasing an additional 118,345 shares during the period. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 1.9%

Shares of NYSE:HII opened at $288.04 on Thursday. The company has a 50 day moving average of $356.46 and a 200-day moving average of $372.05. The firm has a market cap of $11.35 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.24 and a beta of 0.23. Huntington Ingalls Industries, Inc. has a twelve month low of $215.04 and a twelve month high of $460.00. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the business posted $3.79 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.38 per share. The ex-dividend date is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Analysts Set New Price Targets

A number of research analysts have issued reports on HII shares. Bank of America raised shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Citigroup reduced their target price on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. TD Cowen lowered their target price on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Finally, Wells Fargo & Company began coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $388.50.

Insider Activity at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the sale, the vice president owned 8,391 shares in the company, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.