Huntington Ingalls Industries Inc (NYSE:HII) Shares Sold by Northern Trust Corp

Northern Trust Corp decreased its position in Huntington Ingalls Industries Inc (NYSE:HII) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 494,024 shares of the aerospace company’s stock after selling 19,570 shares during the quarter. Northern Trust Corp’s holdings in Huntington Ingalls Industries were worth $102,361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. American International Group Inc. lifted its holdings in shares of Huntington Ingalls Industries by 0.3% during the fourth quarter. American International Group Inc. now owns 15,538 shares of the aerospace company’s stock valued at $2,957,000 after purchasing an additional 53 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in shares of Huntington Ingalls Industries by 1.7% during the first quarter. Piedmont Investment Advisors Inc. now owns 3,323 shares of the aerospace company’s stock valued at $689,000 after purchasing an additional 55 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Huntington Ingalls Industries by 0.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,483 shares of the aerospace company’s stock valued at $1,342,000 after purchasing an additional 59 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Huntington Ingalls Industries by 53.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 175 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 61 shares during the last quarter. Finally, CSat Investment Advisory L.P. lifted its holdings in shares of Huntington Ingalls Industries by 89.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 150 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 71 shares during the last quarter. 85.59% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Monday, May 6th. ValuEngine downgraded Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus price target of $251.08.

In other news, VP Nicolas G. Schuck sold 500 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $204.46, for a total transaction of $102,230.00. Following the completion of the sale, the vice president now owns 2,640 shares in the company, valued at approximately $539,774.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP William R. Ermatinger sold 1,863 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $211.55, for a total value of $394,117.65. Following the sale, the vice president now owns 35,020 shares of the company’s stock, valued at approximately $7,408,481. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,405 shares of company stock worth $721,128. Insiders own 2.65% of the company’s stock.

NYSE:HII opened at $214.79 on Friday. The firm has a market cap of $8.93 billion, a P/E ratio of 11.25 and a beta of 1.17. Huntington Ingalls Industries Inc has a 1-year low of $173.80 and a 1-year high of $262.32. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.07.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share for the quarter, missing the consensus estimate of $3.27 by ($0.42). The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.95 billion. Huntington Ingalls Industries had a net margin of 9.52% and a return on equity of 48.34%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.48 earnings per share. Equities research analysts predict that Huntington Ingalls Industries Inc will post 14.59 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Thursday, May 23rd. Huntington Ingalls Industries’s payout ratio is currently 18.02%.

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Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

Further Reading: The Role of a Fiduciary and Individual Investors

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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