River Road Asset Management LLC Trims Stock Position in Huntington Ingalls Industries, Inc. $HII

River Road Asset Management LLC cut its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,712 shares of the aerospace company’s stock after selling 43,585 shares during the period. River Road Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $55,333,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HII. Northwestern Mutual Wealth Management Co. increased its stake in Huntington Ingalls Industries by 38,526.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock worth $675,572,000 after acquiring an additional 1,981,424 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Huntington Ingalls Industries by 85.0% in the 4th 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 last quarter. Van ECK Associates Corp lifted its stake in shares of Huntington Ingalls Industries by 32.1% in the 4th 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 last quarter. Marshall Wace LLP grew its holdings in shares of Huntington Ingalls Industries by 588.1% during the 4th quarter. Marshall Wace LLP now owns 351,879 shares of the aerospace company’s stock worth $119,663,000 after purchasing an additional 300,740 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Huntington Ingalls Industries by 390.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 285,339 shares of the aerospace company’s stock worth $97,036,000 after purchasing an additional 227,126 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Trading Down 4.1%

Shares of NYSE HII opened at $284.79 on Friday. Huntington Ingalls Industries, Inc. has a twelve month low of $228.69 and a twelve month high of $460.00. 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 stock has a fifty day simple moving average of $335.05 and a 200-day simple moving average of $370.81. The stock has a market capitalization of $11.22 billion, a PE ratio of 18.53, a PEG ratio of 1.26 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the business earned $3.79 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HII. Citigroup reduced their price objective on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Wells Fargo & Company began coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 target price for the company. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. TD Cowen reduced their price target on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Finally, Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $388.50.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, the vice president directly owned 8,391 shares in the company, valued at $2,681,595.78. This represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is owned by company insiders.

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.