LSV Asset Management Sells 27,093 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

LSV Asset Management lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 615,511 shares of the aerospace company's stock after selling 27,093 shares during the period. LSV Asset Management owned approximately 1.55% of Huntington Ingalls Industries worth $159,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cranbrook Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth about $30,000. Quantbot Technologies LP acquired a new stake in shares of Huntington Ingalls Industries during the third quarter worth about $25,000. Level Financial Advisors Inc. bought a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at about $43,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at about $48,000. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Up 0.4 %

NYSE:HII traded up $1.04 during trading hours on Friday, reaching $246.23. 531,007 shares of the stock were exchanged, compared to its average volume of 406,632. The stock has a market cap of $9.75 billion, a PE ratio of 13.88, a PEG ratio of 2.31 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a twelve month low of $188.51 and a twelve month high of $299.50. The firm has a 50 day moving average of $283.26 and a 200 day moving average of $261.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, beating analysts' consensus estimates of $3.50 by $0.37. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the firm earned $3.23 earnings per share. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Friday, May 31st. Huntington Ingalls Industries's dividend payout ratio is currently 29.31%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

HII has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an "overweight" rating in a report on Thursday, March 21st. StockNews.com lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, Barclays upped their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 6th.

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.