Oppenheimer Asset Management Inc. significantly reduced its stake in Huntington Ingalls Industries (NYSE:HII) by 62.5% in Q3, selling 18,707 shares and retaining 11,242 shares valued at $3.237 million. Despite the reduction by one institutional investor, others like Geneos Wealth Management and IFP Advisors increased their holdings, and institutional investors collectively own 90.46% of the company’s stock. Huntington Ingalls recently exceeded earnings expectations, with an EPS of $4.04 against an estimated $3.72, and declared a quarterly dividend of $1.38 per share.
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Oppenheimer Asset Management Inc. Reduces Position in Huntington Ingalls Industries, Inc. $HII
Oppenheimer Asset Management Inc. significantly reduced its stake in Huntington Ingalls Industries (NYSE:HII) by 62.5% in Q3, selling 18,707 shares and retaining 11,242 shares valued at $3.237 million. Despite the reduction by one institutional investor, others like Geneos Wealth Management and IFP Advisors increased their holdings, and institutional investors collectively own 90.46% of the company’s stock. Huntington Ingalls recently exceeded earnings expectations, with an EPS of $4.04 against an estimated $3.72, and declared a quarterly dividend of $1.38 per share.