Goldman Sachs Group Inc. lessened its position in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 4.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 887,047 shares of the aerospace company’s stock after selling 38,899 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Huntington Ingalls Industries were worth $209,077,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Stone Ridge Asset Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $1,495,000. Brandywine Global Investment Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 15.2% in the 4th quarter. Brandywine Global Investment Management LLC now owns 50,744 shares of the aerospace company’s stock valued at $11,961,000 after buying an additional 6,680 shares during the period. Jefferies Group LLC lifted its holdings in shares of Huntington Ingalls Industries by 96.8% in the 4th quarter. Jefferies Group LLC now owns 8,920 shares of the aerospace company’s stock valued at $2,102,000 after buying an additional 4,387 shares during the period. Dorsey Wright & Associates acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $533,000. Finally, Ironvine Capital Partners LLC acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $2,434,000. Hedge funds and other institutional investors own 84.16% of the company’s stock.
In related news, Director Philip M. Bilden purchased 4,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was bought at an average cost of $265.14 per share, with a total value of $1,060,560.00. Following the completion of the acquisition, the director now directly owns 142 shares in the company, valued at approximately $37,649.88. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP William R. Ermatinger sold 1,689 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $259.34, for a total value of $438,025.26. The disclosure for this sale can be found here. Over the last three months, insiders bought 6,800 shares of company stock valued at $1,794,184 and sold 12,979 shares valued at $3,381,250. Insiders own 2.22% of the company’s stock.
Huntington Ingalls Industries Inc (HII) opened at $264.03 on Monday. The stock has a market capitalization of $11,824.79, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.01 and a beta of 1.01. Huntington Ingalls Industries Inc has a 1-year low of $183.42 and a 1-year high of $276.69. The company has a current ratio of 1.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.73.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.18. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. Huntington Ingalls Industries’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.20 earnings per share. analysts predict that Huntington Ingalls Industries Inc will post 17.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.88 annualized dividend and a yield of 1.09%. Huntington Ingalls Industries’s dividend payout ratio is presently 27.56%.
TRADEMARK VIOLATION NOTICE: This piece was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://sportsperspectives.com/2018/03/12/goldman-sachs-group-inc-reduces-position-in-huntington-ingalls-industries-inc-hii.html.
About Huntington Ingalls Industries
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.
Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries Inc (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.