Dimensional Fund Advisors LP Lowers Position in Huntington Ingalls Industries, Inc. $HII

Dimensional Fund Advisors LP trimmed its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 21.7% in the first quarter, Holdings Channel reports. The firm owned 766,075 shares of the aerospace company’s stock after selling 212,290 shares during the period. Dimensional Fund Advisors LP’s holdings in Huntington Ingalls Industries were worth $291,001,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HII. CYBER HORNET ETFs LLC acquired a new stake in shares of Huntington Ingalls Industries during the second quarter valued at about $25,000. Rakuten Securities Inc. lifted its holdings in shares of Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 63 shares during the last quarter. Bayban acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $27,000. NBC Securities Inc. boosted its position in shares of Huntington Ingalls Industries by 87.2% during the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 41 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Huntington Ingalls Industries by 363.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $277.32 on Thursday. The stock has a 50-day simple moving average of $294.66 and a 200-day simple moving average of $362.46. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The stock has a market capitalization of $10.93 billion, a PE ratio of 18.04, a PEG ratio of 1.15 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a 1 year low of $256.45 and a 1 year high of $460.00.

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

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the transaction, the vice president directly owned 8,391 shares of the company’s stock, 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 SEC, which is available through this hyperlink. 0.80% of the stock is currently owned by 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.