Occudo Quantitative Strategies LP Cuts Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Occudo Quantitative Strategies LP decreased its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 39.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,560 shares of the aerospace company's stock after selling 2,280 shares during the period. Occudo Quantitative Strategies LP's holdings in Huntington Ingalls Industries were worth $673,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Maven Securities LTD bought a new position in Huntington Ingalls Industries during the 4th quarter worth about $695,000. Needham Investment Management LLC lifted its position in shares of Huntington Ingalls Industries by 1.4% in the 4th quarter. Needham Investment Management LLC now owns 53,750 shares of the aerospace company's stock worth $10,157,000 after purchasing an additional 750 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Huntington Ingalls Industries by 27.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,471 shares of the aerospace company's stock valued at $21,065,000 after purchasing an additional 24,065 shares in the last quarter. Moore Capital Management LP bought a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $11,303,000. Finally, Invenomic Capital Management LP purchased a new position in Huntington Ingalls Industries during the fourth quarter valued at approximately $9,955,000. Institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of analyst reports. The Goldman Sachs Group upped their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a research report on Thursday. Finally, Barclays raised their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $244.56.

Insider Activity

In related news, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the sale, the director now owns 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the sale, the vice president now directly owns 9,581 shares in the company, valued at $2,221,929.71. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,010 shares of company stock worth $899,510 over the last 90 days. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Up 0.8%

Shares of HII stock traded up $1.83 during trading hours on Friday, reaching $229.99. 311,295 shares of the company's stock were exchanged, compared to its average volume of 528,309. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The stock's 50 day moving average is $212.88 and its 200-day moving average is $197.81. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the business earned $3.87 EPS. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.35%. Huntington Ingalls Industries's payout ratio is 38.90%.

About Huntington Ingalls Industries

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.