Oak Thistle LLC Trims Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Oak Thistle LLC decreased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 62.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,499 shares of the aerospace company's stock after selling 4,183 shares during the period. Oak Thistle LLC's holdings in Huntington Ingalls Industries were worth $510,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HII. GAMMA Investing LLC lifted its position in Huntington Ingalls Industries by 75,182.7% during the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after purchasing an additional 491,695 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of Huntington Ingalls Industries by 1,648.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock valued at $71,029,000 after buying an additional 354,374 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 4,900.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock valued at $39,774,000 after buying an additional 206,271 shares during the last quarter. Earnest Partners LLC lifted its holdings 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. Finally, Voloridge Investment Management LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter valued at $37,800,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analyst Weigh In

HII has been the subject of a number of research reports. The Goldman Sachs Group lifted their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price target for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. 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 note on Thursday, May 15th. Finally, Barclays boosted 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. One 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. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of "Hold" and an average target price of $251.38.

Insider Buying and Selling

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the sale, the director owned 17,485 shares of the company's stock, valued at $4,066,661.30. This trade represents a 10.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the transaction, the vice president owned 9,581 shares in the company, valued at $2,221,929.71. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,225 shares of company stock valued at $1,207,207. Corporate insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Performance

NYSE:HII traded up $1.31 during trading on Friday, reaching $264.64. The company's stock had a trading volume of 327,592 shares, compared to its average volume of 401,894. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.62 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 has a 50 day moving average of $239.13 and a 200-day moving average of $213.48. 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 issued its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.89. The firm 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 business's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.87 EPS. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.04%. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.90%.

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.