Lazard Asset Management LLC cut its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 76.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 740 shares of the aerospace company's stock after selling 2,428 shares during the period. Lazard Asset Management LLC's holdings in Huntington Ingalls Industries were worth $139,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock valued at $950,391,000 after buying an additional 14,988 shares during the period. Geode Capital Management LLC boosted its stake in Huntington Ingalls Industries by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock valued at $197,677,000 after purchasing an additional 29,670 shares during the last quarter. Earnest Partners LLC boosted its stake in Huntington Ingalls Industries by 32.6% during the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock valued at $157,216,000 after purchasing an additional 204,376 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Huntington Ingalls Industries by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock valued at $109,316,000 after purchasing an additional 77,718 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Huntington Ingalls Industries by 7.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company's stock valued at $85,637,000 after purchasing an additional 31,934 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries 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 completion of the transaction, the vice president now directly owns 9,581 shares in the company, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now owns 2,884 shares of the company's stock, valued at $546,691.04. This represents a 20.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,010 shares of company stock valued at $899,510. 0.86% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
HII has been the subject of a number of analyst reports. Barclays lifted their price target on 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. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group lifted their price target 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $236.38.
Check Out Our Latest Stock Analysis on HII
Huntington Ingalls Industries Stock Performance
Shares of Huntington Ingalls Industries stock traded up $3.17 during mid-day trading on Tuesday, hitting $227.91. 365,872 shares of the stock were exchanged, compared to its average volume of 531,959. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The company has a market capitalization of $8.94 billion, a P/E ratio of 16.33, a P/E/G ratio of 1.15 and a beta of 0.31. The company has a 50-day simple moving average of $215.84 and a 200 day simple moving average of $199.14. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Huntington Ingalls Industries's revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.87 EPS. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.
Huntington Ingalls Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.37%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.
About Huntington Ingalls Industries
(
Free Report)
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.
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