Cannell & Co. Has $37.07 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Cannell & Co. cut its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 22.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,778 shares of the aerospace company's stock after selling 40,202 shares during the quarter. Huntington Ingalls Industries makes up 1.2% of Cannell & Co.'s portfolio, making the stock its 24th biggest holding. Cannell & Co. owned 0.36% of Huntington Ingalls Industries worth $37,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HII. Quantbot Technologies LP bought a new position in Huntington Ingalls Industries during the third quarter valued at approximately $25,000. Cranbrook Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth $28,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at $30,000. Level Financial Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at $43,000. Finally, Headlands Technologies LLC boosted its holdings in Huntington Ingalls Industries by 30.1% in the third quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company's stock worth $46,000 after purchasing an additional 52 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII traded up $0.13 during trading hours on Wednesday, hitting $277.06. 546,470 shares of the company's stock were exchanged, compared to its average volume of 303,113. The company's 50-day moving average price is $285.16 and its 200-day moving average price is $261.13. Huntington Ingalls Industries, Inc. has a 1-year low of $188.51 and a 1-year high of $299.50. The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 2.63 and a beta of 0.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, topping analysts' consensus estimates of $4.27 by $2.63. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $2.78 billion. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.07 earnings per share. On average, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 16.34 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 30.41%.

Insiders Place Their Bets

In other news, CAO Nicolas G. Schuck sold 1,293 shares of the company's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the transaction, the chief accounting officer now owns 2,250 shares of the company's stock, valued at $655,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Nicolas G. Schuck sold 1,293 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the sale, the chief accounting officer now directly owns 2,250 shares in the company, valued at $655,380. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP D R. Wyatt sold 900 shares of the company's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the transaction, the vice president now owns 19,100 shares of the company's stock, valued at $5,036,479. The disclosure for this sale can be found here. Insiders have sold 8,472 shares of company stock worth $2,398,345 in the last ninety days. Insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

HII has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an "overweight" rating in a report on Thursday, March 21st. Barclays boosted their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 6th.

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.