Millennium Management LLC Trims Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Millennium Management LLC trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 59.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,126 shares of the aerospace company’s stock after selling 30,582 shares during the period. Millennium Management LLC owned approximately 0.05% of Huntington Ingalls Industries worth $5,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. MBB Public Markets I LLC purchased a new position in Huntington Ingalls Industries in the 2nd quarter valued at approximately $582,000. Drucker Wealth 3.0 LLC purchased a new position in Huntington Ingalls Industries in the 2nd quarter valued at approximately $2,406,000. Earnest Partners LLC grew its stake in Huntington Ingalls Industries by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock valued at $157,326,000 after buying an additional 11,693 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock valued at $180,458,000 after purchasing an additional 215,362 shares in the last quarter. Finally, AXA S.A. grew its position in shares of Huntington Ingalls Industries by 44.2% during the 2nd quarter. AXA S.A. now owns 22,209 shares of the aerospace company’s stock valued at $5,471,000 after purchasing an additional 6,804 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $259.39 on Friday. Huntington Ingalls Industries, Inc. has a 52-week low of $212.58 and a 52-week high of $299.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. The company has a market capitalization of $10.17 billion, a P/E ratio of 13.76, a P/E/G ratio of 2.25 and a beta of 0.52. The company has a fifty day moving average of $265.79 and a 200-day moving average of $262.71.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the firm posted $3.27 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 16.56 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is presently 27.59%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HII. Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday. JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Finally, Vertical Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $290.00.

Huntington Ingalls Industries Profile

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.