Artemis Investment Management LLP trimmed its position in Huntington Ingalls Industries Inc (NYSE:HII) by 53.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,378 shares of the aerospace company’s stock after selling 184,784 shares during the quarter. Artemis Investment Management LLP’s holdings in Huntington Ingalls Industries were worth $39,961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Huntington Ingalls Industries by 0.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 8,043 shares of the aerospace company’s stock worth $1,808,000 after acquiring an additional 55 shares during the last quarter. CSat Investment Advisory L.P. raised its holdings in shares of Huntington Ingalls Industries by 34.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 234 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 60 shares in the last quarter. Regentatlantic Capital LLC raised its holdings in shares of Huntington Ingalls Industries by 7.5% during the 3rd quarter. Regentatlantic Capital LLC now owns 1,021 shares of the aerospace company’s stock valued at $216,000 after purchasing an additional 71 shares in the last quarter. Quest Capital Management Inc. ADV bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at $27,000. Finally, LPL Financial LLC lifted its stake in shares of Huntington Ingalls Industries by 2.0% in the 2nd quarter. LPL Financial LLC now owns 6,674 shares of the aerospace company’s stock valued at $1,500,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 87.59% of the company’s stock.

In other news, VP Jerri F. Dickseski sold 1,874 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $268.69, for a total transaction of $503,525.06. Following the completion of the transaction, the vice president now directly owns 30,140 shares in the company, valued at $8,098,316.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Nicolas G. Schuck sold 400 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $250.00, for a total value of $100,000.00. Following the completion of the sale, the chief accounting officer now directly owns 2,240 shares of the company’s stock, valued at $560,000. The disclosure for this sale can be found here. 2.65% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “strong-buy” rating and set a $294.00 price objective for the company in a report on Friday, January 3rd. Cowen restated a “buy” rating on shares of Huntington Ingalls Industries in a report on Monday, December 9th. Finally, ValuEngine lowered Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Huntington Ingalls Industries currently has a consensus rating of “Buy” and a consensus target price of $258.17.

Huntington Ingalls Industries stock traded down $2.82 during trading hours on Tuesday, reaching $272.00. 6,288 shares of the company were exchanged, compared to its average volume of 319,650. Huntington Ingalls Industries Inc has a 12 month low of $192.10 and a 12 month high of $279.71. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average of $255.96 and a 200 day moving average of $230.08. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 14.25 and a beta of 1.21.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, November 7th. The aerospace company reported $3.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.63 by $0.11. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Huntington Ingalls Industries had a net margin of 7.05% and a return on equity of 38.18%. Huntington Ingalls Industries’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $5.29 earnings per share. As a group, research analysts forecast that Huntington Ingalls Industries Inc will post 13.92 EPS for the current year.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the 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 that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

Read More: How is the LIBOR rate calculated?

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).

Institutional Ownership by Quarter for Huntington Ingalls Industries (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.