Marshall Wace LLP Cuts Holdings in Huntington Ingalls Industries Inc (NYSE:HII)

Marshall Wace LLP lessened its stake in Huntington Ingalls Industries Inc (NYSE:HII) by 90.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,745 shares of the aerospace company’s stock after selling 64,645 shares during the period. Marshall Wace LLP’s holdings in Huntington Ingalls Industries were worth $1,398,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CSat Investment Advisory L.P. boosted its holdings in shares of Huntington Ingalls Industries by 89.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 150 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 71 shares in the last quarter. Howe & Rusling Inc. boosted its holdings in shares of Huntington Ingalls Industries by 433.3% in the 1st quarter. Howe & Rusling Inc. now owns 160 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 130 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries in the 1st quarter worth about $39,000. Dubuque Bank & Trust Co. boosted its holdings in shares of Huntington Ingalls Industries by 56.4% in the 1st quarter. Dubuque Bank & Trust Co. now owns 208 shares of the aerospace company’s stock worth $43,000 after purchasing an additional 75 shares in the last quarter. Finally, Fort L.P. purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter worth about $87,000. Hedge funds and other institutional investors own 85.66% of the company’s stock.

HII traded down $1.48 during midday trading on Thursday, reaching $229.87. 165,166 shares of the company’s stock traded hands, compared to its average volume of 333,383. The firm has a fifty day moving average price of $221.46. The company has a market cap of $9.61 billion, a PE ratio of 12.04 and a beta of 1.19. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.07. Huntington Ingalls Industries Inc has a 52 week low of $173.80 and a 52 week high of $262.32.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.27 by ($0.42). Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the company posted $3.48 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Huntington Ingalls Industries Inc will post 14.59 earnings per share for the current fiscal year.

In related news, VP Nicolas G. Schuck sold 500 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $204.46, for a total value of $102,230.00. Following the sale, the vice president now owns 2,640 shares in the company, valued at approximately $539,774.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jerri F. Dickseski sold 542 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $225.00, for a total value of $121,950.00. Following the completion of the sale, the vice president now owns 35,907 shares in the company, valued at approximately $8,079,075. The disclosure for this sale can be found here. Insiders sold a total of 5,279 shares of company stock valued at $1,149,674 in the last three months. Corporate insiders own 2.65% of the company’s stock.

A number of research firms have recently weighed in on HII. Zacks Investment Research lowered GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. ValuEngine lowered Viewray from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $251.08.

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.

Featured Story: What are the qualifications of a portfolio manager?

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.