Kapitalo Investimentos Ltda Sells 988 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Kapitalo Investimentos Ltda cut its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 72.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 371 shares of the aerospace company’s stock after selling 988 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Huntington Ingalls Industries were worth $96,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HII. Janney Montgomery Scott LLC lifted its position in shares of Huntington Ingalls Industries by 2.9% during the third quarter. Janney Montgomery Scott LLC now owns 5,261 shares of the aerospace company’s stock worth $1,076,000 after purchasing an additional 148 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Huntington Ingalls Industries by 12.6% during the third quarter. Rhumbline Advisers now owns 79,411 shares of the aerospace company’s stock worth $16,246,000 after purchasing an additional 8,860 shares during the last quarter. Paralel Advisors LLC lifted its position in shares of Huntington Ingalls Industries by 1.3% during the third quarter. Paralel Advisors LLC now owns 9,246 shares of the aerospace company’s stock worth $1,892,000 after purchasing an additional 115 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Huntington Ingalls Industries by 7.1% during the third quarter. PNC Financial Services Group Inc. now owns 11,103 shares of the aerospace company’s stock worth $2,271,000 after purchasing an additional 735 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Huntington Ingalls Industries by 3.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,999 shares of the aerospace company’s stock worth $409,000 after purchasing an additional 62 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HII shares. StockNews.com downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Citigroup initiated coverage on Huntington Ingalls Industries in a research note on Monday, May 20th. They set a “buy” rating and a $310.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $278.00.

Insiders Place Their Bets

In other news, VP Jennifer R. Boykin sold 1,043 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $252.03, for a total transaction of $262,867.29. Following the transaction, the vice president now owns 11,961 shares in the company, valued at $3,014,530.83. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Edmond E. Jr. Hughes sold 1,500 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction 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 filing with the SEC, which is accessible through this hyperlink. Also, VP Jennifer R. Boykin sold 1,043 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $252.03, for a total value of $262,867.29. Following the completion of the sale, the vice president now owns 11,961 shares in the company, 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 corporate insiders.

Huntington Ingalls Industries Stock Performance

HII stock opened at $245.93 on Thursday. 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 business has a 50-day moving average price of $257.87 and a 200 day moving average price of $266.43. The company has a market capitalization 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.

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

Huntington Ingalls Industries Dividend Announcement

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

About Huntington Ingalls Industries

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.