Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Boston Partners

Boston Partners lessened its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,555 shares of the aerospace company’s stock after selling 1,696 shares during the period. Boston Partners owned 0.07% of Huntington Ingalls Industries worth $6,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in Huntington Ingalls Industries by 1.2% in the 1st quarter. HighTower Advisors LLC now owns 7,072 shares of the aerospace company’s stock valued at $1,403,000 after purchasing an additional 87 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Huntington Ingalls Industries by 27.5% during the 1st quarter. D.A. Davidson & CO. now owns 1,467 shares of the aerospace company’s stock worth $293,000 after acquiring an additional 316 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Huntington Ingalls Industries in the 1st quarter valued at about $60,000. MetLife Investment Management LLC raised its position in shares of Huntington Ingalls Industries by 23.0% during the 1st quarter. MetLife Investment Management LLC now owns 10,885 shares of the aerospace company’s stock valued at $2,171,000 after buying an additional 2,035 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Huntington Ingalls Industries by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,360 shares of the aerospace company’s stock worth $1,069,000 after acquiring an additional 332 shares during the last quarter. 89.18% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP D R. Wyatt sold 320 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $228.53, for a total value of $73,129.60. Following the transaction, the vice president now directly owns 20,000 shares of the company’s stock, valued at approximately $4,570,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP D R. Wyatt sold 320 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $228.53, for a total value of $73,129.60. Following the transaction, the vice president now owns 20,000 shares in the company, valued at approximately $4,570,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Chad N. Boudreaux sold 1,612 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $217.38, for a total value of $350,416.56. Following the sale, the vice president now directly owns 15,210 shares of the company’s stock, valued at $3,306,349.80. The disclosure for this sale can be found here. Insiders have sold a total of 3,302 shares of company stock valued at $727,686 over the last quarter. Company insiders own 2.30% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $239.56 on Tuesday. The firm’s fifty day simple moving average is $217.74 and its 200-day simple moving average is $217.61. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.01 and a beta of 0.60. Huntington Ingalls Industries, Inc. has a twelve month low of $188.51 and a twelve month high of $241.72. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Wednesday, November 22nd. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.24. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 39.19%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HII. StockNews.com upgraded shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, November 6th. Deutsche Bank Aktiengesellschaft began coverage on Huntington Ingalls Industries in a research note on Wednesday, September 27th. They issued a “hold” rating and a $217.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $250.00 to $247.00 in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and an average target price of $231.67.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing 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.