Thomas White International Ltd Lowers stake in Huntington Ingalls Industries Inc (HII)

Huntington Ingalls Industries Inc (HII) : Thomas White International Ltd reduced its stake in Huntington Ingalls Industries Inc by 7.23% during the most recent quarter end. The investment management company now holds a total of 21,308 shares of Huntington Ingalls Industries Inc which is valued at $3,554,174 after selling 1,661 shares in Huntington Ingalls Industries Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Huntington Ingalls Industries Inc makes up approximately 0.51% of Thomas White International Ltd’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in HII in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 68,199 shares of Huntington Ingalls Industries Inc which is valued at $11,375,593. Huntington Ingalls Industries Inc makes up approx 0.01% of Oppenheimerfunds’s portfolio.Suffolk Capital Management boosted its stake in HII in the latest quarter, The investment management firm added 41,712 additional shares and now holds a total of 56,921 shares of Huntington Ingalls Industries Inc which is valued at $9,555,328. Huntington Ingalls Industries Inc makes up approx 1.14% of Suffolk Capital Management’s portfolio.Cambridge Investment Research Advisors boosted its stake in HII in the latest quarter, The investment management firm added 289 additional shares and now holds a total of 3,615 shares of Huntington Ingalls Industries Inc which is valued at $614,478. Huntington Ingalls Industries Inc makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.California State Teachers Retirement System reduced its stake in HII by selling 4,444 shares or 4.3% in the most recent quarter. The Hedge Fund company now holds 98,928 shares of HII which is valued at $17,222,376. Huntington Ingalls Industries Inc makes up approx 0.04% of California State Teachers Retirement System’s portfolio.

Huntington Ingalls Industries Inc closed down -1.07 points or -0.64% at $167.39 with 2,10,901 shares getting traded on Tuesday. Post opening the session at $169.11, the shares hit an intraday low of $166.91 and an intraday high of $169.63 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Huntington Ingalls Industries Inc reported $2.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $2.30. The company had revenue of $1700.00 million for the quarter, compared to analysts expectations of $1732.43 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.99 EPS.

Many Wall Street Analysts have commented on Huntington Ingalls Industries Inc. Huntington Ingalls Industries Inc was Downgraded by Wells Fargo to ” Market Perform” on Aug 5, 2016. Stifel Downgraded Huntington Ingalls Industries Inc on May 24, 2016 to ” Sell”, Price Target of the shares are set at $135.

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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