Banque Cantonale Vaudoise Cuts Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Banque Cantonale Vaudoise decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 23.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 976 shares of the aerospace company’s stock after selling 300 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Huntington Ingalls Industries were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of HII. Victory Capital Management Inc. grew its holdings in shares of Huntington Ingalls Industries by 84.7% during the fourth quarter. Victory Capital Management Inc. now owns 23,406 shares of the aerospace company’s stock valued at $3,990,000 after buying an additional 10,732 shares during the last quarter. First Trust Advisors LP boosted its holdings in Huntington Ingalls Industries by 4.7% in the fourth quarter. First Trust Advisors LP now owns 68,027 shares of the aerospace company’s stock worth $11,597,000 after purchasing an additional 3,027 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Huntington Ingalls Industries by 6.0% in the fourth quarter. California Public Employees Retirement System now owns 96,254 shares of the aerospace company’s stock worth $16,409,000 after purchasing an additional 5,412 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Huntington Ingalls Industries by 58.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,620 shares of the aerospace company’s stock worth $447,000 after purchasing an additional 966 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC purchased a new stake in Huntington Ingalls Industries in the fourth quarter worth approximately $2,044,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Several equities research analysts recently issued reports on HII shares. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $186.00 target price on the stock in a report on Wednesday, February 17th. TheStreet upgraded shares of Huntington Ingalls Industries from a “c+” rating to a “b-” rating in a report on Thursday, February 11th. Finally, Sanford C. Bernstein raised their target price on shares of Huntington Ingalls Industries from $193.00 to $229.00 and gave the stock a “market perform” rating in a report on Monday, May 10th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $197.63.

In other news, Director Philip M. Bilden sold 15,809 shares of the firm’s stock in a transaction on Wednesday, June 2nd. The shares were sold at an average price of $217.60, for a total transaction of $3,440,038.40. Following the sale, the director now directly owns 2,419 shares in the company, valued at approximately $526,374.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP D R. Wyatt sold 500 shares of the firm’s stock in a transaction on Thursday, June 3rd. The shares were sold at an average price of $216.30, for a total transaction of $108,150.00. Following the sale, the vice president now owns 20,025 shares in the company, valued at $4,331,407.50. The disclosure for this sale can be found here. 2.54% of the stock is owned by company insiders.

HII opened at $220.75 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Huntington Ingalls Industries, Inc. has a 1-year low of $136.44 and a 1-year high of $224.13. The company has a market capitalization of $8.88 billion, a P/E ratio of 13.31 and a beta of 1.01. The stock has a 50 day simple moving average of $212.88.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, May 6th. The aerospace company reported $3.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $1.05. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.23 billion. Huntington Ingalls Industries had a net margin of 7.17% and a return on equity of 32.21%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $4.23 earnings per share. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 12.9 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 11th. Stockholders of record on Friday, May 28th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Thursday, May 27th. This represents a $4.56 annualized dividend and a dividend yield of 2.07%. Huntington Ingalls Industries’s payout ratio is 45.60%.

About Huntington Ingalls Industries

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.

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

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