Manning & Napier Advisors LLC Lowers Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Manning & Napier Advisors LLC trimmed its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 53.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,918 shares of the aerospace company's stock after selling 3,286 shares during the period. Manning & Napier Advisors LLC's holdings in Huntington Ingalls Industries were worth $595,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Sentry Investment Management LLC purchased a new stake in Huntington Ingalls Industries during the first quarter valued at about $26,000. EverSource Wealth Advisors LLC grew its holdings in shares of Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after purchasing an additional 131 shares during the period. Raiffeisen Bank International AG purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth about $36,000. Grove Bank & Trust acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth approximately $61,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $70,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $237.35 on Tuesday. The firm has a 50-day moving average of $226.87 and a two-hundred day moving average of $203.64. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 0.99. The stock has a market cap of $9.31 billion, a P/E ratio of 17.10, a PEG ratio of 1.49 and a beta of 0.29. 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 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 for the quarter, compared to analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The company's revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.87 earnings per share. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Friday, May 30th. Huntington Ingalls Industries's payout ratio is 38.90%.

Insider Activity

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the transaction, the vice president now directly owns 9,581 shares of the company's stock, valued at $2,221,929.71. This trade represents a 11.95% 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, Director Anastasi D. Kelly sold 1,960 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the sale, the director now directly owns 17,485 shares of the company's stock, valued at $4,066,661.30. The trade was a 10.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,225 shares of company stock worth $1,207,207. 0.86% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HII has been the subject of a number of research reports. Barclays upped their price target on shares of 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. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group upped their target price 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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.

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