Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP decreased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 40.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,314 shares of the aerospace company's stock after selling 9,041 shares during the period. Quantinno Capital Management LP's holdings in Huntington Ingalls Industries were worth $2,516,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Huntington Ingalls Industries by 503.8% during the fourth 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 last quarter. Wingate Wealth Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $48,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $70,000. SRS Capital Advisors Inc. raised its position in shares of Huntington Ingalls Industries by 156.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after buying an additional 294 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in Huntington Ingalls Industries by 37.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company's stock valued at $101,000 after acquiring an additional 145 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value 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 approximately $4,066,661.30. The trade was a 10.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction on 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 sold 4,010 shares of company stock worth $899,510 over the last 90 days. Company insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

HII has been the subject of a number of research analyst reports. Barclays increased their price target on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock 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 for the company in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One equities research 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. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and an average price target of $236.38.

Huntington Ingalls Industries Stock Up 0.2%

NYSE:HII traded up $0.40 during midday trading on Monday, hitting $224.89. 256,660 shares of the company were exchanged, compared to its average volume of 532,625. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The company 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. The company has a fifty day simple moving average of $215.49 and a 200 day simple moving average of $198.99.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the firm earned $3.87 earnings per share. The business's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's payout ratio 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.