Asset Management One Co. Ltd. Lowers Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Asset Management One Co. Ltd. lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 92.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,140 shares of the aerospace company's stock after selling 13,800 shares during the period. Asset Management One Co. Ltd.'s holdings in Huntington Ingalls Industries were worth $233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC increased its stake in Huntington Ingalls Industries by 2.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock valued at $433,000 after purchasing an additional 51 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Huntington Ingalls Industries by 12.2% in the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock valued at $104,000 after acquiring an additional 56 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in Huntington Ingalls Industries by 8.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock valued at $167,000 after purchasing an additional 65 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Huntington Ingalls Industries by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock worth $2,254,000 after purchasing an additional 66 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Huntington Ingalls Industries by 9.8% during the fourth quarter. Covestor Ltd now owns 815 shares of the aerospace company's stock valued at $154,000 after buying an additional 73 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on HII shares. The Goldman Sachs Group raised their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a research note on Thursday, May 15th. Finally, Barclays increased their price target on 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $236.38.

Insider Activity

In related news, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the sale, the vice president owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. This represents a 8.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the sale, the director owned 17,485 shares in the company, 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. Over the last three months, insiders sold 5,225 shares of company stock worth $1,207,207. 0.86% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Performance

NYSE HII traded up $4.69 on Tuesday, hitting $246.15. 521,388 shares of the stock traded hands, compared to its average volume of 683,719. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07. The business's fifty day moving average is $228.81 and its two-hundred day moving average is $205.24. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.51 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.87 EPS. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.19%. The ex-dividend date was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

About Huntington Ingalls Industries

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.