Occudo Quantitative Strategies LP Trims Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Occudo Quantitative Strategies LP lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 39.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,560 shares of the aerospace company’s stock after selling 2,280 shares during the period. Occudo Quantitative Strategies LP’s holdings in Huntington Ingalls Industries were worth $673,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in shares of Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 131 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in Huntington Ingalls Industries in the fourth quarter worth about $48,000. Canada Post Corp Registered Pension Plan acquired a new stake in Huntington Ingalls Industries in the fourth quarter worth about $70,000. SRS Capital Advisors Inc. grew its stake in shares of Huntington Ingalls Industries by 156.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock worth $91,000 after acquiring an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Huntington Ingalls Industries by 37.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock valued at $101,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

HII has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Barclays raised their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $238.44.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $222.59 on Thursday. The firm’s fifty day moving average is $211.56 and its two-hundred day moving average is $198.53. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.15 and a beta of 0.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.89. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.87 earnings per share. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.43%. Huntington Ingalls Industries’s payout ratio is 38.90%.

Insider Activity

In other news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at $546,691.04. This represents a 20.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the transaction, the director now owns 17,485 shares of the company’s stock, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,010 shares of company stock valued at $899,510 in the last three months. 0.72% of the stock is currently owned by corporate 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.