Huntington Ingalls Industries, Inc. (HII) Position Decreased by Gotham Asset Management LLC

Gotham Asset Management LLC lessened its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 78.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,340 shares of the aerospace company’s stock after selling 12,313 shares during the period. Gotham Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $622,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in HII. Janus Henderson Group PLC increased its stake in shares of Huntington Ingalls Industries by 9,035.5% in the 2nd quarter. Janus Henderson Group PLC now owns 321,934 shares of the aerospace company’s stock valued at $59,931,000 after purchasing an additional 318,410 shares in the last quarter. Discovery Capital Management LLC CT increased its stake in shares of Huntington Ingalls Industries by 82.4% in the 2nd quarter. Discovery Capital Management LLC CT now owns 576,347 shares of the aerospace company’s stock valued at $107,293,000 after purchasing an additional 260,408 shares in the last quarter. BlackRock Inc. increased its stake in shares of Huntington Ingalls Industries by 2.7% in the 2nd quarter. BlackRock Inc. now owns 4,572,209 shares of the aerospace company’s stock valued at $851,165,000 after purchasing an additional 120,171 shares in the last quarter. FMR LLC increased its stake in shares of Huntington Ingalls Industries by 4.1% in the 2nd quarter. FMR LLC now owns 2,881,190 shares of the aerospace company’s stock valued at $536,363,000 after purchasing an additional 114,098 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Huntington Ingalls Industries by 25.4% in the 2nd quarter. Renaissance Technologies LLC now owns 547,200 shares of the aerospace company’s stock valued at $101,867,000 after purchasing an additional 111,000 shares in the last quarter. Hedge funds and other institutional investors own 85.38% of the company’s stock.

In other news, VP William R. Ermatinger sold 2,985 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 32,810 shares of the company’s stock, valued at approximately $7,057,431. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP D R. Wyatt sold 800 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $214.83, for a total transaction of $171,864.00. Following the transaction, the vice president now directly owns 19,865 shares of the company’s stock, valued at $4,267,597.95. The disclosure for this sale can be found here. Company insiders own 2.22% of the company’s stock.

Shares of Huntington Ingalls Industries, Inc. (HII) opened at 234.81 on Friday. The stock has a market capitalization of $10.66 billion, a price-to-earnings ratio of 19.18 and a beta of 1.18. The firm’s 50-day moving average price is $223.43 and its 200 day moving average price is $205.27. Huntington Ingalls Industries, Inc. has a 1-year low of $146.52 and a 1-year high of $236.94.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the company posted $2.32 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post $11.57 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on the company. BidaskClub lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price objective for the company in a research note on Monday, July 17th. Cowen and Company reiterated a “hold” rating and set a $225.00 price objective on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. Deutsche Bank AG reiterated a “buy” rating and set a $240.00 price objective (up from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday, August 9th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $233.00 price objective (up from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. Two investment 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’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $209.00.

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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.

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

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