OMERS ADMINISTRATION Corp Sells 2,322 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

OMERS ADMINISTRATION Corp cut its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,856 shares of the aerospace company's stock after selling 2,322 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Huntington Ingalls Industries were worth $1,107,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Generali Asset Management SPA SGR bought a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $2,056,000. Assetmark Inc. lifted its position in Huntington Ingalls Industries by 2,154.9% in the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after purchasing an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC bought a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $3,642,000. O Keefe Stevens Advisory Inc. lifted its position in Huntington Ingalls Industries by 63.0% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock valued at $655,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Essential Planning LLC. bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth about $2,457,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Down 0.6%

HII traded down $1.27 on Tuesday, reaching $228.08. 420,442 shares of the company traded hands, compared to its average volume of 527,839. The stock's 50 day moving average price is $213.62 and its 200-day moving average price is $198.18. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $285.81. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.15 and a beta of 0.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. 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 firm posted $3.87 earnings per share. The firm's revenue was down 2.5% on a year-over-year basis. On average, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the sale, the vice president now directly owns 9,581 shares in the company, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the sale, the director now directly owns 17,485 shares in the company, valued at $4,066,661.30. This trade represents a 10.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,010 shares of company stock worth $899,510 over the last ninety days. 0.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HII. Barclays boosted their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group boosted their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $244.56.

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.