O Shaughnessy Asset Management LLC Trims Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

O Shaughnessy Asset Management LLC cut its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 41.3% in the fourth quarter, HoldingsChannel reports. The firm owned 7,523 shares of the aerospace company’s stock after selling 5,291 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $1,422,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. River Road Asset Management LLC purchased a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at $65,215,000. Diamond Hill Capital Management Inc. increased its position in Huntington Ingalls Industries by 132.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock valued at $79,387,000 after purchasing an additional 239,688 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at about $36,191,000. Raymond James Financial Inc. purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $27,881,000. Finally, Sei Investments Co. boosted its stake in shares of Huntington Ingalls Industries by 32.4% during the fourth quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company’s stock valued at $84,269,000 after purchasing an additional 109,134 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HII. Barclays cut their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group lowered their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $221.22.

Huntington Ingalls Industries Stock Down 7.2 %

NYSE:HII opened at $184.81 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $287.56. The company has a market cap of $7.25 billion, a PE ratio of 13.24, a P/E/G ratio of 1.15 and a beta of 0.49. The company’s 50 day moving average is $187.92 and its two-hundred day moving average is $206.42.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein acquired 2,120 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares in the company, valued at $546,691.04. The trade was a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

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.