Royal London Asset Management Ltd. Sells 1,792 Shares of Huntington Ingalls Industries Inc (HII)

Royal London Asset Management Ltd. reduced its holdings in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,998 shares of the aerospace company’s stock after selling 1,792 shares during the period. Royal London Asset Management Ltd.’s holdings in Huntington Ingalls Industries were worth $4,097,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new position in Huntington Ingalls Industries during the 2nd quarter valued at about $110,000. Ayalon Holdings Ltd. purchased a new position in Huntington Ingalls Industries during the 3rd quarter valued at about $110,000. Welch Group LLC purchased a new position in Huntington Ingalls Industries during the 3rd quarter valued at about $110,000. NN Investment Partners Holdings N.V. purchased a new position in Huntington Ingalls Industries in the third quarter worth about $117,000. Finally, Moneta Group Investment Advisors LLC raised its holdings in Huntington Ingalls Industries by 1,392.5% in the second quarter. Moneta Group Investment Advisors LLC now owns 597 shares of the aerospace company’s stock worth $129,000 after buying an additional 557 shares during the last quarter. 86.33% of the stock is owned by institutional investors.

In other news, VP Jerri F. Dickseski sold 271 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $257.84, for a total value of $69,874.64. Following the completion of the sale, the vice president now directly owns 34,750 shares in the company, valued at $8,959,940. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.22% of the company’s stock.

Several brokerages have issued reports on HII. Sanford C. Bernstein decreased their target price on shares of Huntington Ingalls Industries from $246.00 to $223.00 in a report on Monday, November 12th. Drexel Hamilton reaffirmed a “buy” rating and issued a $265.00 target price on shares of Huntington Ingalls Industries in a report on Wednesday, November 14th. Bank of America decreased their target price on shares of Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating for the company in a report on Friday, November 9th. Seaport Global Securities began coverage on shares of Huntington Ingalls Industries in a report on Thursday, August 23rd. They issued a “neutral” rating and a $260.00 target price for the company. Finally, Cowen reaffirmed a “buy” rating and issued a $250.00 target price on shares of Huntington Ingalls Industries in a report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $259.31.

Shares of Huntington Ingalls Industries stock opened at $211.53 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 1.03. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 0.79 and a beta of 1.13. Huntington Ingalls Industries Inc has a 52-week low of $201.91 and a 52-week high of $276.69.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, November 8th. The aerospace company reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.14 by $1.15. Huntington Ingalls Industries had a net margin of 8.63% and a return on equity of 43.71%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the company earned $3.27 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, research analysts predict that Huntington Ingalls Industries Inc will post 17.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.86 dividend. The ex-dividend date is Thursday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.63%. Huntington Ingalls Industries’s payout ratio is currently 23.72%.

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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.

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

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