Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 72.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,995 shares of the aerospace company's stock after selling 13,158 shares during the quarter. Bessemer Group Inc.'s holdings in Huntington Ingalls Industries were worth $1,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Generali Asset Management SPA SGR purchased a new position in Huntington Ingalls Industries during the fourth quarter worth about $2,056,000. Assetmark Inc. raised its stake in shares of Huntington Ingalls Industries by 2,154.9% in the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after acquiring an additional 7,456 shares during the period. Essential Planning LLC. purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $2,457,000. Integrated Quantitative Investments LLC purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $283,000. Finally, Allstate Corp purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $237,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 0.8%

NYSE HII traded up $2.07 on Friday, hitting $252.22. 304,186 shares of the stock were exchanged, compared to its average volume of 557,517. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The company has a market cap of $9.90 billion, a PE ratio of 18.17, a PEG ratio of 1.59 and a beta of 0.31. The company has a 50-day moving average price of $230.64 and a 200-day moving average price of $206.20.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter in the prior year, the business posted $3.87 EPS. The company's revenue for the quarter was down 2.5% on a year-over-year basis. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

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

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the transaction, the director directly owned 17,485 shares in the company, valued at approximately $4,066,661.30. The trade was a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Chad N. Boudreaux sold 1,965 shares of the business's 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 transaction, the vice president owned 21,228 shares in the company, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,225 shares of company stock worth $1,207,207. 0.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HII shares. Barclays boosted their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. The Goldman Sachs Group boosted their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, 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 report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of "Hold" and an average price target of $236.38.

Huntington Ingalls Industries Company 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.