Gargoyle Investment Advisor L.L.C. cut its position in shares of Huntington Ingalls Industries Inc. (NYSE:HII) by 16.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,410 shares of the company’s stock after selling 4,000 shares during the period. Huntington Ingalls Industries makes up about 1.3% of Gargoyle Investment Advisor L.L.C.’s portfolio, making the stock its 7th largest position. Gargoyle Investment Advisor L.L.C.’s holdings in Huntington Ingalls Industries were worth $3,429,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in HII. Tompkins Financial Corp increased its stake in Huntington Ingalls Industries by 569.0% in the second quarter. Tompkins Financial Corp now owns 970 shares of the company’s stock worth $163,000 after buying an additional 825 shares during the last quarter. IFP Advisors Inc increased its stake in Huntington Ingalls Industries by 189.2% in the first quarter. IFP Advisors Inc now owns 1,128 shares of the company’s stock worth $155,000 after buying an additional 738 shares during the last quarter. LS Investment Advisors LLC acquired a new stake in Huntington Ingalls Industries during the second quarter worth approximately $193,000. Ferguson Wellman Capital Management Inc. acquired a new stake in Huntington Ingalls Industries during the second quarter worth approximately $205,000. Finally, Dearborn Partners LLC acquired a new stake in Huntington Ingalls Industries during the second quarter worth approximately $213,000. Institutional investors own 88.59% of the company’s stock.
Shares of Huntington Ingalls Industries Inc. (NYSE:HII) traded up 0.58% during mid-day trading on Friday, hitting $153.42. 292,218 shares of the stock were exchanged. The company has a 50-day moving average of $162.18 and a 200 day moving average of $156.93. Huntington Ingalls Industries Inc. has a one year low of $103.58 and a one year high of $177.10. The stock has a market cap of $7.18 billion, a PE ratio of 17.00 and a beta of 1.41.
Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, August 4th. The company reported $2.32 EPS for the quarter, hitting analysts’ consensus estimates of $2.32. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.74 billion. Huntington Ingalls Industries had a net margin of 6.00% and a return on equity of 30.49%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.99 earnings per share. On average, equities analysts predict that Huntington Ingalls Industries Inc. will post $10.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 26th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Wednesday, August 24th. Huntington Ingalls Industries’s dividend payout ratio is currently 22.17%.
A number of analysts have commented on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $190.00 price objective (up previously from $167.00) on shares of Huntington Ingalls Industries in a report on Monday, July 11th. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Thursday, June 30th. Citigroup Inc. increased their price objective on shares of Huntington Ingalls Industries from $180.00 to $191.00 and gave the company a “buy” rating in a report on Tuesday, September 6th. Wells Fargo & Co. downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating in a report on Friday, August 5th. They noted that the move was a valuation call. Finally, Cowen and Company downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $185.00 to $165.00 in a report on Tuesday, September 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $159.00.
In related news, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $169.00, for a total transaction of $135,200.00. Following the sale, the vice president now owns 20,249 shares of the company’s stock, valued at $3,422,081. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.76% of the company’s stock.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.
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