Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 9.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,977 shares of the aerospace company’s stock after selling 199 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Huntington Ingalls Industries were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Teacher Retirement System of Texas boosted its holdings in Huntington Ingalls Industries by 2.4% in the third quarter. Teacher Retirement System of Texas now owns 3,090 shares of the aerospace company’s stock worth $632,000 after purchasing an additional 71 shares during the period. New Mexico Educational Retirement Board boosted its holdings in Huntington Ingalls Industries by 5.2% in the third quarter. New Mexico Educational Retirement Board now owns 2,030 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 100 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Huntington Ingalls Industries by 4.0% in the third quarter. Daiwa Securities Group Inc. now owns 3,282 shares of the aerospace company’s stock worth $671,000 after purchasing an additional 127 shares during the period. Empirical Finance LLC lifted its stake in Huntington Ingalls Industries by 11.4% in the third quarter. Empirical Finance LLC now owns 1,367 shares of the aerospace company’s stock valued at $280,000 after buying an additional 140 shares during the last quarter. Finally, Duality Advisers LP bought a new stake in Huntington Ingalls Industries in the third quarter valued at $544,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Citigroup assumed coverage on Huntington Ingalls Industries in a research note on Monday. They issued a “buy” rating and a $310.00 target price on the stock. Barclays raised their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. raised their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Finally, StockNews.com cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII traded up $0.86 during midday trading on Wednesday, reaching $254.62. 213,072 shares of the company traded hands, compared to its average volume of 314,711. The stock has a 50-day moving average price of $273.03 and a 200 day moving average price of $264.42. The company has a market cap of $10.04 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.39 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a 52 week low of $194.52 and a 52 week high of $299.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.50 by $0.37. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. Huntington Ingalls Industries’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $3.23 EPS. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $1.30 dividend. The ex-dividend date is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.04%. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of Huntington Ingalls Industries stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the transaction, the chief accounting officer now owns 2,250 shares of the company’s stock, valued at approximately $655,380. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CAO Nicolas G. Schuck sold 1,293 shares of Huntington Ingalls Industries stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the sale, the chief accounting officer now directly owns 2,250 shares in the company, valued at approximately $655,380. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jennifer R. Boykin sold 1,043 shares of Huntington Ingalls Industries stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $252.03, for a total value of $262,867.29. Following the sale, the vice president now owns 11,961 shares of the company’s stock, valued at $3,014,530.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,439 shares of company stock valued at $2,071,170. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.