Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Position Trimmed by Kennondale Capital Management LLC

Kennondale Capital Management LLC lessened its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 75.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,572 shares of the aerospace company's stock after selling 32,975 shares during the quarter. Huntington Ingalls Industries makes up about 2.4% of Kennondale Capital Management LLC's investment portfolio, making the stock its 10th largest holding. Kennondale Capital Management LLC's holdings in Huntington Ingalls Industries were worth $2,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HII. Integrated Quantitative Investments LLC purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at about $283,000. Teacher Retirement System of Texas purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at $1,324,000. Allstate Corp purchased a new position in Huntington Ingalls Industries in the 4th quarter worth $237,000. GAMMA Investing LLC raised its stake in shares of Huntington Ingalls Industries by 269.0% during the 1st quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock valued at $492,000 after buying an additional 1,759 shares during the last quarter. Finally, Eisler Capital Management Ltd. acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at about $5,679,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays upped their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. The Goldman Sachs Group upped their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price objective for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Finally, Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $251.38.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the transaction, the vice president directly owned 21,228 shares in the company, valued at approximately $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the sale, the vice president directly owned 9,581 shares of the company's stock, valued at approximately $2,221,929.71. This trade represents a 11.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,225 shares of company stock worth $1,207,207 in the last quarter. 0.86% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Price Performance

Shares of HII stock traded up $1.19 during mid-day trading on Tuesday, reaching $254.12. The company's stock had a trading volume of 365,185 shares, compared to its average volume of 564,353. The company has a market cap of $9.97 billion, a P/E ratio of 18.31, a PEG ratio of 1.56 and a beta of 0.31. 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 firm's 50-day moving average is $235.85 and its two-hundred day moving average is $211.31. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the company earned $3.87 earnings per share. The firm's revenue was down 2.5% compared to the same quarter last year. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders 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 annualized dividend and a dividend yield of 2.12%. Huntington Ingalls Industries's payout ratio is 38.90%.

Huntington Ingalls Industries 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.