Victory Capital Management Inc. Trims Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Victory Capital Management Inc. decreased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 25.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,498 shares of the aerospace company's stock after selling 7,792 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of Huntington Ingalls Industries worth $4,590,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sentry Investment Management LLC purchased a new stake in Huntington Ingalls Industries in the 1st quarter valued at $26,000. Park Square Financial Group LLC purchased a new position in Huntington Ingalls Industries during the 1st quarter worth $31,000. HM Payson & Co. raised its position in Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after buying an additional 64 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Huntington Ingalls Industries during the 4th quarter worth $36,000. Finally, Grove Bank & Trust purchased a new position in Huntington Ingalls Industries during the 1st quarter worth $61,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the sale, the vice president directly owned 21,228 shares of the company's stock, valued at $4,859,938.32. This trade represents a 8.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $455,856.80. Following the sale, the director directly owned 17,485 shares in the company, valued at $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,225 shares of company stock valued at $1,207,207 in the last ninety days. Insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price objective for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Barclays upped their price objective 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 shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group upped their price objective on shares of 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 research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $251.38.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $264.64 on Friday. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.63 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81. The company's 50-day moving average price is $239.13 and its 200 day moving average price is $213.64. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.76% and a return on equity of 12.26%. The firm's revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $3.87 EPS. As a group, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.04%. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Huntington Ingalls Industries 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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