Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC reduced its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 82.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,498 shares of the aerospace company's stock after selling 6,984 shares during the period. Cresset Asset Management LLC's holdings in Huntington Ingalls Industries were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Generali Asset Management SPA SGR bought a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $2,056,000. Assetmark Inc. boosted its position in shares of Huntington Ingalls Industries by 2,154.9% during the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after purchasing an additional 7,456 shares in the last quarter. Northcape Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $3,642,000. O Keefe Stevens Advisory Inc. raised its position in Huntington Ingalls Industries by 63.0% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock valued at $655,000 after buying an additional 1,339 shares during the last quarter. Finally, Essential Planning LLC. bought a new position in Huntington Ingalls Industries in the 4th quarter valued at $2,457,000. 90.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the transaction, the vice president now owns 9,581 shares of the company's stock, valued at $2,221,929.71. This trade represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This represents a 20.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,010 shares of company stock worth $899,510 over the last ninety days. Corporate insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Trading Up 0.2%

Huntington Ingalls Industries stock traded up $0.40 during mid-day trading on Friday, hitting $224.89. The company's stock had a trading volume of 256,660 shares, compared to its average volume of 531,402. The firm has a market capitalization of $8.82 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The stock's fifty day moving average is $215.49 and its two-hundred day moving average is $199.01.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $2.90 by $0.89. The business 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 12.81% and a net margin of 4.77%. The company's quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the business posted $3.87 earnings per share. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Analyst Ratings Changes

HII has been the topic of a number of research reports. Barclays raised their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a report on Thursday, May 15th. Finally, The Goldman Sachs Group increased their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.