Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Position Lessened by Seven Eight Capital LP

Seven Eight Capital LP trimmed its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 36.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,026 shares of the aerospace company’s stock after selling 579 shares during the period. Seven Eight Capital LP’s holdings in Huntington Ingalls Industries were worth $299,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HII. Vanguard Personalized Indexing Management LLC raised its stake in shares of Huntington Ingalls Industries by 4.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,621 shares of the aerospace company’s stock worth $681,000 after purchasing an additional 123 shares in the last quarter. Valley National Advisers Inc. purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth about $1,094,000. Raymond James & Associates raised its stake in shares of Huntington Ingalls Industries by 22.9% during the 4th quarter. Raymond James & Associates now owns 56,596 shares of the aerospace company’s stock worth $14,695,000 after purchasing an additional 10,539 shares in the last quarter. UBS Group AG raised its stake in shares of Huntington Ingalls Industries by 28.4% during the 4th quarter. UBS Group AG now owns 159,061 shares of the aerospace company’s stock worth $41,299,000 after purchasing an additional 35,142 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Huntington Ingalls Industries by 950.1% during the 1st quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock worth $11,208,000 after purchasing an additional 34,792 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

HII opened at $265.30 on Thursday. The firm has a market capitalization of $10.46 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 2.28 and a beta of 0.53. The stock’s 50 day moving average price is $251.46 and its two-hundred day moving average price is $266.18. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a 12-month low of $199.11 and a 12-month high of $299.50.

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

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $1.30 dividend. The ex-dividend date was Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.96%. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HII. Citigroup began coverage on Huntington Ingalls Industries in a report on Monday, May 20th. They set a “buy” rating and a $310.00 price objective on the stock. StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $278.00.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 1,043 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Huntington Ingalls Industries 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 stock was 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 in the company, valued at approximately $2,083,129.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jennifer R. Boykin sold 1,043 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $252.03, for a total value of $262,867.29. Following the transaction, the vice president now 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. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Company 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.