Epoch Investment Partners Inc. Reduces Stake in Huntington Ingalls Industries, Inc. $HII

Epoch Investment Partners Inc. reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 92,772 shares of the aerospace company’s stock after selling 4,953 shares during the period. Epoch Investment Partners Inc.’s holdings in Huntington Ingalls Industries were worth $35,244,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Huntington Ingalls Industries by 38,526.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock worth $675,572,000 after purchasing an additional 1,981,424 shares during the period. AQR Capital Management LLC grew its holdings in Huntington Ingalls Industries by 85.0% during the fourth quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock valued at $369,186,000 after purchasing an additional 498,690 shares during the period. Van ECK Associates Corp grew its holdings in Huntington Ingalls Industries by 32.1% during the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after purchasing an additional 400,428 shares during the period. Marshall Wace LLP increased its position in Huntington Ingalls Industries by 588.1% in the fourth quarter. Marshall Wace LLP now owns 351,879 shares of the aerospace company’s stock worth $119,663,000 after buying an additional 300,740 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Huntington Ingalls Industries by 390.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 285,339 shares of the aerospace company’s stock worth $97,036,000 after buying an additional 227,126 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, the vice president owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Citigroup cut their price target on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. TD Cowen decreased their price objective on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a report on Monday, July 13th. Wells Fargo & Company assumed coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price objective on the stock. Finally, Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Huntington Ingalls Industries has a consensus rating of “Hold” and an average price target of $374.00.

Huntington Ingalls Industries Stock Up 0.2%

Huntington Ingalls Industries stock opened at $287.55 on Friday. Huntington Ingalls Industries, Inc. has a 1-year low of $256.45 and a 1-year high of $460.00. The firm has a market capitalization of $11.33 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 1.23 and a beta of 0.25. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The firm has a 50 day simple moving average of $292.90 and a 200 day simple moving average of $361.50.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.09. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.79 earnings per share. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Huntington Ingalls Industries’s payout ratio is presently 35.91%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.