Westwood Holdings Group Inc. Has $55.10 Million Stake in Huntington Ingalls Industries, Inc. (HII)

Westwood Holdings Group Inc. decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 294,276 shares of the aerospace company’s stock after selling 22,490 shares during the quarter. Westwood Holdings Group Inc. owned about 0.65% of Huntington Ingalls Industries worth $55,099,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in shares of Huntington Ingalls Industries by 25.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 500 shares of the aerospace company’s stock worth $100,000 after buying an additional 100 shares during the period. Global X Management Co. LLC bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $125,000. Van ECK Associates Corp lifted its position in shares of Huntington Ingalls Industries by 6.3% during the 1st quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock worth $135,000 after buying an additional 40 shares during the period. Pacer Advisors Inc. lifted its position in shares of Huntington Ingalls Industries by 7.0% during the 2nd quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock worth $165,000 after buying an additional 58 shares during the period. Finally, Globeflex Capital L P lifted its position in shares of Huntington Ingalls Industries by 15,066.7% during the 1st quarter. Globeflex Capital L P now owns 910 shares of the aerospace company’s stock worth $182,000 after buying an additional 904 shares during the period. Institutional investors own 85.45% of the company’s stock.

Several research firms recently commented on HII. Citigroup Inc. reissued a “neutral” rating and issued a $233.00 target price (up from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday. Cowen and Company reissued a “hold” rating and issued a $210.00 target price on shares of Huntington Ingalls Industries in a research note on Tuesday, August 22nd. BidaskClub cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Deutsche Bank AG reissued a “buy” rating and issued a $240.00 target price (up from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 target price for the company in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $209.00.

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 800 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $214.83, for a total transaction of $171,864.00. Following the completion of the transaction, the vice president now owns 19,865 shares in the company, valued at $4,267,597.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William R. Ermatinger sold 2,985 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $215.10, for a total transaction of $642,073.50. Following the transaction, the vice president now owns 32,810 shares of the company’s stock, valued at approximately $7,057,431. The disclosure for this sale can be found here. 2.22% of the stock is owned by company insiders.

Shares of Huntington Ingalls Industries, Inc. (HII) traded up 0.49% during mid-day trading on Thursday, hitting $235.08. The stock had a trading volume of 95,926 shares. Huntington Ingalls Industries, Inc. has a 1-year low of $146.52 and a 1-year high of $236.94. The company has a market cap of $10.67 billion, a P/E ratio of 19.21 and a beta of 1.18. The firm’s 50 day moving average price is $218.86 and its 200 day moving average price is $203.86.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.59. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. Huntington Ingalls Industries’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $2.32 earnings per share. Analysts predict that Huntington Ingalls Industries, Inc. will post $11.54 earnings per share for the current fiscal year.

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Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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