Huntington Ingalls Industries, Inc. $HII Shares Sold by Barclays PLC

Key Points

• Barclays PLC cut its stake in Huntington Ingalls by 30.6%, selling 52,897 shares and ending the quarter with 119,854 shares (about 0.31% of the company) valued at $34.5 million.
• HII posted a strong quarter with $4.04 EPS (beating the $3.72 estimate) and revenue of $3.48 billion, up 15.7% year-over-year.
• Two executives recently sold stock—VP Chad N. Boudreaux sold 4,400 shares and EVP Eric D. Chewning sold 1,700 shares—leaving insiders with roughly 0.86% ownership.

Barclays PLC lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 30.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 119,854 shares of the aerospace company's stock after selling 52,897 shares during the period. Barclays PLC owned about 0.31% of Huntington Ingalls Industries worth $34,507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CI Investments Inc. increased its holdings in Huntington Ingalls Industries by 16.7% in the 3rd quarter. CI Investments Inc. now owns 231 shares of the aerospace company's stock worth $67,000 after acquiring an additional 33 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Huntington Ingalls Industries by 3.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company's stock worth $291,000 after buying an additional 38 shares during the last quarter. 1834 Investment Advisors Co. raised its position in Huntington Ingalls Industries by 1.6% in the third quarter. 1834 Investment Advisors Co. now owns 2,535 shares of the aerospace company's stock valued at $730,000 after purchasing an additional 39 shares during the period. O Keefe Stevens Advisory Inc. lifted its position in Huntington Ingalls Industries by 0.7% in the third quarter. O Keefe Stevens Advisory Inc. now owns 5,758 shares of the aerospace company's stock valued at $1,658,000 after buying an additional 40 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its position in shares of Huntington Ingalls Industries by 10.1% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 438 shares of the aerospace company's stock worth $122,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 4,400 shares of the firm's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the completion of the transaction, the vice president directly owned 20,360 shares of the company's stock, valued at $8,601,082. This trade represents a 17.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric D. Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the completion of the transaction, the executive vice president owned 1,949 shares of the company's stock, valued at $844,774.56. This trade represents a 46.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.86% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on HII. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $421.00 target price on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Bank of America upgraded shares of Huntington Ingalls Industries from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $300.00 to $400.00 in a research report on Thursday, February 12th. Melius Research upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research note on Monday, January 5th. Weiss Ratings downgraded shares of Huntington Ingalls Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, March 5th. Finally, The Goldman Sachs Group increased their price target on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a "buy" rating in a report on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $384.13.

Huntington Ingalls Industries Trading Down 2.9%

HII stock opened at $416.98 on Wednesday. The business has a fifty day simple moving average of $412.04 and a 200-day simple moving average of $339.37. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 1.75 and a beta of 0.32. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. Huntington Ingalls Industries, Inc. has a 52 week low of $177.42 and a 52 week high of $460.00.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.72 by $0.32. The business had revenue of $3.48 billion during the quarter, compared to analysts' expectations of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The company's revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.15 EPS. On average, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. Huntington Ingalls Industries's dividend payout ratio is presently 35.91%.

About Huntington Ingalls Industries

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.

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