Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 182,747 shares of the aerospace company’s stock after selling 16,383 shares during the period. Goldman Sachs Group Inc. owned 0.46% of Huntington Ingalls Industries worth $47,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in HII. Vanguard Personalized Indexing Management LLC lifted its holdings in Huntington Ingalls Industries by 4.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,621 shares of the aerospace company’s stock valued at $681,000 after purchasing an additional 123 shares in the last quarter. Valley National Advisers Inc. purchased a new position in Huntington Ingalls Industries in the 4th quarter valued at about $1,094,000. Raymond James & Associates lifted its holdings in Huntington Ingalls Industries by 22.9% in the 4th quarter. Raymond James & Associates now owns 56,596 shares of the aerospace company’s stock valued at $14,695,000 after purchasing an additional 10,539 shares in the last quarter. UBS Group AG lifted its holdings in Huntington Ingalls Industries by 28.4% in the 4th quarter. UBS Group AG now owns 159,061 shares of the aerospace company’s stock valued at $41,299,000 after purchasing an additional 35,142 shares in the last quarter. Finally, Prevatt Capital Ltd purchased a new position in Huntington Ingalls Industries in the 4th quarter valued at about $15,578,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Trading Up 1.6 %

Shares of HII stock opened at $245.93 on Thursday. The firm has a market cap of $9.70 billion, a P/E ratio of 13.86, a PEG ratio of 2.07 and a beta of 0.56. Huntington Ingalls Industries, Inc. has a 1-year low of $199.11 and a 1-year 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. The firm’s 50-day simple moving average is $257.87 and its 200-day simple moving average is $266.43.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $5.20 annualized dividend and a yield of 2.11%. Huntington Ingalls Industries’s payout ratio is 29.31%.

Insider Activity at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $256.07, for a total value of $384,105.00. Following the transaction, the vice president now owns 8,135 shares in the company, valued at $2,083,129.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,500 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $256.07, for a total value of $384,105.00. Following the completion of the sale, the vice president now owns 8,135 shares of the company’s stock, valued at $2,083,129.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $252.03, for a total transaction of $262,867.29. Following the completion of the sale, the vice president now directly owns 11,961 shares of the company’s stock, valued at approximately $3,014,530.83. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. StockNews.com lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Citigroup assumed coverage on shares of Huntington Ingalls Industries in a report on Monday, May 20th. They set a “buy” rating and a $310.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $278.00.

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.