Yousif Capital Management LLC Sells 4,269 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Yousif Capital Management LLC trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 52.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,942 shares of the aerospace company's stock after selling 4,269 shares during the quarter. Yousif Capital Management LLC's holdings in Huntington Ingalls Industries were worth $1,024,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Qube Research & Technologies Ltd increased its holdings in shares of Huntington Ingalls Industries by 266.4% during the third quarter. Qube Research & Technologies Ltd now owns 171,496 shares of the aerospace company's stock worth $35,085,000 after buying an additional 124,685 shares in the last quarter. Copeland Capital Management LLC increased its stake in shares of Huntington Ingalls Industries by 2,689.4% in the fourth quarter. Copeland Capital Management LLC now owns 80,587 shares of the aerospace company's stock valued at $20,924,000 after buying an additional 77,698 shares during the period. Bar Harbor Wealth Management acquired a new position in shares of Huntington Ingalls Industries in the third quarter valued at approximately $7,595,000. Northern Trust Corp increased its stake in shares of Huntington Ingalls Industries by 11.6% in the third quarter. Northern Trust Corp now owns 351,432 shares of the aerospace company's stock valued at $71,896,000 after buying an additional 36,560 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter valued at approximately $9,360,000. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Up 0.4 %

Shares of HII traded up $1.04 during trading hours on Friday, reaching $246.23. The stock had a trading volume of 531,007 shares, compared to its average volume of 406,632. Huntington Ingalls Industries, Inc. has a 12 month low of $188.51 and a 12 month high of $299.50. The firm has a 50-day simple moving average of $283.26 and a 200 day simple moving average of $261.54. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $9.75 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 2.32 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.50 by $0.37. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The business had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.81 billion. During the same period last year, the business earned $3.23 EPS. The business's revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, May 31st. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 29.31%.

Wall Street Analyst Weigh In

HII has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an "overweight" rating in a research report on Thursday, March 21st. StockNews.com cut Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, Barclays increased 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.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 1,293 shares of the firm's stock in a transaction 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 completion of the sale, the chief accounting officer now directly 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 available at the SEC website. In related news, CAO Nicolas G. Schuck sold 1,293 shares of Huntington Ingalls Industries stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the sale, 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 available at this hyperlink. Also, VP Jennifer R. Boykin sold 2,176 shares of Huntington Ingalls Industries stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $272.31, for a total value of $592,546.56. Following the completion of the sale, the vice president now directly owns 6,877 shares of the company's stock, valued at approximately $1,872,675.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,472 shares of company stock worth $2,398,345. Corporate insiders own 0.72% of the company's stock.

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.