Huntington Ingalls Industries, Inc. (NYSE:HII) Position Lessened by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. trimmed its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,644 shares of the aerospace company’s stock after selling 4,825 shares during the period. Epoch Investment Partners Inc. owned about 0.62% of Huntington Ingalls Industries worth $71,598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HII. Van ECK Associates Corp increased its position in Huntington Ingalls Industries by 5,658.6% during the fourth quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company’s stock worth $177,655,000 after buying an additional 672,353 shares during the last quarter. TD Asset Management Inc increased its position in Huntington Ingalls Industries by 745.3% during the fourth quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company’s stock worth $26,112,000 after buying an additional 88,671 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Huntington Ingalls Industries by 564.2% during the first quarter. Canada Pension Plan Investment Board now owns 98,300 shares of the aerospace company’s stock worth $28,652,000 after buying an additional 83,500 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in Huntington Ingalls Industries during the first quarter worth $23,011,000. Finally, Copeland Capital Management LLC increased its position in Huntington Ingalls Industries by 2,689.4% during the fourth quarter. Copeland Capital Management LLC now owns 80,587 shares of the aerospace company’s stock worth $20,924,000 after buying an additional 77,698 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Citigroup initiated coverage on Huntington Ingalls Industries in a research report on Monday, May 20th. They issued a “buy” rating and a $310.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $278.00.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII traded up $2.08 during midday trading on Friday, hitting $276.03. The company’s stock had a trading volume of 297,115 shares, compared to its average volume of 252,215. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 2.36 and a beta of 0.53. The stock’s 50 day simple moving average is $252.22 and its 200 day simple moving average is $266.47. Huntington Ingalls Industries, Inc. has a fifty-two week low of $199.11 and a fifty-two week high of $299.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.96.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.50 by $0.37. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter last year, the company earned $3.23 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Friday, May 31st. Huntington Ingalls Industries’s payout ratio is presently 29.31%.

Insider Activity at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $256.07, for a total value of $384,105.00. Following the completion of the sale, the vice president now owns 8,135 shares in the company, valued at $2,083,129.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the completion of the transaction, the vice president now owns 8,135 shares in the company, valued at $2,083,129.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jennifer R. Boykin sold 1,043 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $252.03, for a total transaction of $262,867.29. Following the transaction, the vice president now owns 11,961 shares of the company’s stock, valued at approximately $3,014,530.83. The disclosure for this sale can be found here. 0.72% of the stock is 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.