Vaughan Nelson Investment Management L.P. lessened its position in Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) by 12.8% in the first quarter, Holdings Channel.com reports. The firm owned 183,725 shares of the aerospace company’s stock after selling 27,040 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Huntington Ingalls Industries were worth $69,797,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of HII. Geneos Wealth Management Inc. grew its holdings in shares of Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Huntington Ingalls Industries by 329.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock valued at $88,000 after buying an additional 280 shares during the last quarter. Marshall Wace LLP boosted its position in Huntington Ingalls Industries by 432.1% during the 2nd quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock worth $9,210,000 after buying an additional 30,975 shares during the period. Cresset Asset Management LLC boosted its position in Huntington Ingalls Industries by 23.0% during the 2nd quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock worth $381,000 after buying an additional 294 shares during the period. Finally, Jump Financial LLC acquired a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $398,000. 90.46% of the stock is currently owned by institutional investors.
Insider Transactions at Huntington Ingalls Industries
In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, the vice president owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Huntington Ingalls Industries
Huntington Ingalls Industries Stock Down 0.2%
Huntington Ingalls Industries stock opened at $284.79 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. Huntington Ingalls Industries, Inc. has a 52-week low of $228.69 and a 52-week high of $460.00. The firm has a 50 day moving average price of $332.52 and a two-hundred day moving average price of $370.65. The firm has a market cap of $11.22 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.21 and a beta of 0.23.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the company earned $3.79 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current year.
Huntington Ingalls Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $1.38 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.9%. Huntington Ingalls Industries’s payout ratio is presently 35.91%.
About Huntington Ingalls Industries
Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.
Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.
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