Huntington Ingalls Industries, Inc. (NYSE:HII) Position Cut by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 353,064 shares of the aerospace company's stock after selling 12,041 shares during the quarter. Huntington Ingalls Industries accounts for 3.2% of Sound Shore Management Inc. CT's holdings, making the stock its 10th biggest holding. Sound Shore Management Inc. CT owned approximately 0.89% of Huntington Ingalls Industries worth $91,670,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. FMR LLC boosted its stake in Huntington Ingalls Industries by 0.5% in the third quarter. FMR LLC now owns 2,511,066 shares of the aerospace company's stock valued at $513,714,000 after buying an additional 12,322 shares in the last quarter. Van ECK Associates Corp boosted its stake in Huntington Ingalls Industries by 5,658.6% in the fourth quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company's stock valued at $177,655,000 after buying an additional 672,353 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Huntington Ingalls Industries by 5.9% during the third quarter. Earnest Partners LLC now owns 544,166 shares of the aerospace company's stock valued at $111,325,000 after purchasing an additional 30,296 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in shares of Huntington Ingalls Industries by 0.6% during the third quarter. Thompson Siegel & Walmsley LLC now owns 492,959 shares of the aerospace company's stock valued at $100,850,000 after purchasing an additional 2,818 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Huntington Ingalls Industries by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 368,532 shares of the aerospace company's stock valued at $95,686,000 after purchasing an additional 9,760 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Trading Up 0.4 %

Shares of HII traded up $1.06 during mid-day trading on Friday, reaching $252.03. 180,390 shares of the company were exchanged, compared to its average volume of 412,809. Huntington Ingalls Industries, Inc. has a 52 week low of $194.17 and a 52 week high of $299.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.96. The stock has a market capitalization of $9.94 billion, a PE ratio of 14.21, a PEG ratio of 2.34 and a beta of 0.60. The business has a 50 day simple moving average of $279.09 and a two-hundred day simple moving average of $262.60.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the company earned $3.23 earnings per share. The firm's revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 16.37 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.06%. Huntington Ingalls Industries's payout ratio is currently 29.31%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 500 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $288.56, for a total value of $144,280.00. Following the completion of the sale, the vice president now directly owns 18,600 shares in the company, valued at $5,367,216. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 3,603 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $290.75, for a total value of $1,047,572.25. Following the completion of the sale, the vice president now owns 7,461 shares of the company's stock, valued at $2,169,285.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP D R. Wyatt sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $288.56, for a total value of $144,280.00. Following the completion of the sale, the vice president now directly owns 18,600 shares of the company's stock, valued at approximately $5,367,216. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,396 shares of company stock worth $1,568,477. 0.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HII. StockNews.com lowered Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 3rd. Barclays lifted their price target on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. lifted their price target on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an "overweight" rating in a research note on Thursday, March 21st.

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.