Smith Asset Management Group Lp Lowers stake in Huntington Ingalls Industries Inc (HII)

Huntington Ingalls Industries Inc (HII) : Smith Asset Management Group Lp reduced its stake in Huntington Ingalls Industries Inc by 0.72% during the most recent quarter end. The investment management company now holds a total of 317,063 shares of Huntington Ingalls Industries Inc which is valued at $54,382,646 after selling 2,300 shares in Huntington Ingalls Industries Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Huntington Ingalls Industries Inc makes up approximately 1.58% of Smith Asset Management Group Lp’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in HII by selling 300,000 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 300,000 shares of HII which is valued at $51,456,000. Huntington Ingalls Industries Inc makes up approx 0.22% of Strs Ohio’s portfolio.Shell Asset Management Co reduced its stake in HII by selling 5,090 shares or 15.42% in the most recent quarter. The Hedge Fund company now holds 27,929 shares of HII which is valued at $4,790,382. Huntington Ingalls Industries Inc makes up approx 0.11% of Shell Asset Management Co’s portfolio.Mazama Capital Management Inc boosted its stake in HII in the latest quarter, The investment management firm added 2,217 additional shares and now holds a total of 2,371 shares of Huntington Ingalls Industries Inc which is valued at $409,045. Huntington Ingalls Industries Inc makes up approx 0.08% of Mazama Capital Management Inc’s portfolio.

Huntington Ingalls Industries Inc opened for trading at $172.53 and hit $173.27 on the upside on Friday, eventually ending the session at $172.58, with a gain of 0.01% or 0.02 points. The heightened volatility saw the trading volume jump to 1,92,131 shares. Company has a market cap of $8,115 M.

On the company’s financial health, Huntington Ingalls Industries Inc reported $2.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on May 5, 2016. Analyst had a consensus of $2.12. The company had revenue of $1763.00 million for the quarter, compared to analysts expectations of $1594.61 million. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS.

Many Wall Street Analysts have commented on Huntington Ingalls Industries Inc. Stifel Downgraded Huntington Ingalls Industries Inc on May 24, 2016 to ” Sell”, Price Target of the shares are set at $135.Company shares were Reiterated by Barclays on May 9, 2016 to “Underweight”, Firm has raised the Price Target to $ 135 from a previous price target of $125 .

Huntington Ingalls Industries Inc. (HII) designs builds overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer builder and refueler of nuclear powered aircraft carriers the builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters for the United States Coast Guard. The Company designs and builds nuclear-powered submarines for the United States Navy and builds the Navy’s fleet of DDG51 Arleigh Burke-class destroyers. The Company operates its shipbuilding business through Huntington Ingalls Incorporated subsidiary which is organized into two segments: Ingalls Shipbuilding (Ingalls) which includes non-nuclear ship design construction repair and maintenance businesses and Newport News Shipbuilding (Newport News) which includes the nuclear ship design construction overhaul refueling and repair and maintenance businesses.

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