Pictet Asset Management SA Sells 1,160 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Pictet Asset Management SA cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating) by 5.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,060 shares of the aerospace company’s stock after selling 1,160 shares during the period. Pictet Asset Management SA’s holdings in Huntington Ingalls Industries were worth $4,587,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Global Trust Asset Management LLC increased its position in shares of Huntington Ingalls Industries by 3.9% during the second quarter. Global Trust Asset Management LLC now owns 1,317 shares of the aerospace company’s stock valued at $287,000 after buying an additional 50 shares during the period. Rosenberg Matthew Hamilton increased its position in shares of Huntington Ingalls Industries by 10.5% during the second quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock valued at $116,000 after buying an additional 50 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Huntington Ingalls Industries by 2.0% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,522 shares of the aerospace company’s stock valued at $549,000 after buying an additional 50 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Huntington Ingalls Industries by 15.0% during the first quarter. EverSource Wealth Advisors LLC now owns 407 shares of the aerospace company’s stock valued at $82,000 after buying an additional 53 shares during the period. Finally, Mutual of America Capital Management LLC increased its position in shares of Huntington Ingalls Industries by 1.1% during the first quarter. Mutual of America Capital Management LLC now owns 5,283 shares of the aerospace company’s stock valued at $1,054,000 after buying an additional 55 shares during the period. 89.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HII. JPMorgan Chase & Co. cut their price objective on Huntington Ingalls Industries from $258.00 to $250.00 and set a “neutral” rating for the company in a report on Tuesday, November 15th. StockNews.com began coverage on Huntington Ingalls Industries in a report on Wednesday, October 12th. They set a “buy” rating for the company. Bank of America lowered Huntington Ingalls Industries from a “neutral” rating to an “underperform” rating and set a $230.00 price objective for the company. in a report on Friday, November 11th. Credit Suisse Group boosted their price objective on Huntington Ingalls Industries from $245.00 to $259.00 and gave the stock a “neutral” rating in a report on Friday, November 4th. Finally, Wolfe Research initiated coverage on Huntington Ingalls Industries in a report on Monday, October 10th. They set an “outperform” rating and a $315.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $259.88.

Huntington Ingalls Industries Stock Up 1.5 %

Shares of HII opened at $227.31 on Friday. The firm has a market cap of $9.07 billion, a P/E ratio of 15.82 and a beta of 0.67. Huntington Ingalls Industries, Inc. has a 1 year low of $175.50 and a 1 year high of $260.02. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.97 and a quick ratio of 0.91. The stock has a 50 day simple moving average of $236.02 and a two-hundred day simple moving average of $223.50.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The aerospace company reported $3.44 earnings per share for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.10). The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Huntington Ingalls Industries had a net margin of 5.46% and a return on equity of 19.81%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $3.65 EPS. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post 15.01 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 25th will be paid a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Wednesday, November 23rd. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.18. Huntington Ingalls Industries’s dividend payout ratio is 32.85%.

Huntington Ingalls Industries Profile

(Get Rating)

Huntington Ingalls Industries, Inc engages in 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; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.

Recommended Stories

Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating).

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

Receive News & Ratings for Huntington Ingalls Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries and related companies with MarketBeat.com's FREE daily email newsletter.