Huntington Ingalls Industries, Inc. (HII) Position Lowered by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 73.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,472 shares of the aerospace company’s stock after selling 18,167 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Huntington Ingalls Industries were worth $1,465,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Advisor Partners LLC lifted its stake in shares of Huntington Ingalls Industries by 0.3% in the second quarter. Advisor Partners LLC now owns 1,391 shares of the aerospace company’s stock worth $259,000 after acquiring an additional 4 shares in the last quarter. ProVise Management Group LLC lifted its stake in shares of Huntington Ingalls Industries by 1.0% in the second quarter. ProVise Management Group LLC now owns 2,548 shares of the aerospace company’s stock worth $474,000 after acquiring an additional 26 shares in the last quarter. Somerset Trust Co lifted its stake in shares of Huntington Ingalls Industries by 1.0% in the second quarter. Somerset Trust Co now owns 2,833 shares of the aerospace company’s stock worth $528,000 after acquiring an additional 27 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Huntington Ingalls Industries by 6.8% in the second quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after acquiring an additional 36 shares in the last quarter. Finally, World Asset Management Inc lifted its stake in shares of Huntington Ingalls Industries by 1.7% in the second quarter. World Asset Management Inc now owns 2,588 shares of the aerospace company’s stock worth $482,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

In related news, VP William R. Ermatinger sold 2,985 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $215.10, for a total value of $642,073.50. Following the completion of the sale, the vice president now owns 32,810 shares in the company, valued at $7,057,431. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP D R. Wyatt sold 800 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $214.83, for a total transaction of $171,864.00. Following the completion of the sale, the vice president now owns 19,865 shares of the company’s stock, valued at approximately $4,267,597.95. The disclosure for this sale can be found here. 2.22% of the stock is owned by corporate insiders.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the company earned $2.32 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year.

Several research analysts recently commented on the company. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Citigroup Inc. reiterated a “neutral” rating and issued a $233.00 price target (up previously from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. Cowen and Company reiterated a “hold” rating and issued a $225.00 price target on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $209.00.

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Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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

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