AMP Capital Investors Ltd lessened its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 9.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,714 shares of the aerospace company’s stock after selling 6,574 shares during the quarter. AMP Capital Investors Ltd owned 0.13% of Huntington Ingalls Industries worth $13,522,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. IHT Wealth Management LLC boosted its holdings in Huntington Ingalls Industries by 1,750.0% in the 2nd quarter. IHT Wealth Management LLC now owns 148 shares of the aerospace company’s stock valued at $973,000 after purchasing an additional 140 shares in the last quarter. Howe & Rusling Inc. boosted its holdings in Huntington Ingalls Industries by 4,844.4% in the 3rd quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock valued at $101,000 after purchasing an additional 436 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Huntington Ingalls Industries by 6.8% in the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock valued at $105,000 after purchasing an additional 36 shares in the last quarter. Global X Management Co. LLC purchased a new stake in Huntington Ingalls Industries in the 2nd quarter valued at approximately $125,000. Finally, Pacer Advisors Inc. boosted its holdings in Huntington Ingalls Industries by 7.0% in the 2nd quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock valued at $165,000 after purchasing an additional 58 shares in the last quarter. 84.23% of the stock is currently owned by institutional investors.
Shares of Huntington Ingalls Industries Inc (NYSE:HII) opened at $237.01 on Friday. Huntington Ingalls Industries Inc has a 12-month low of $174.07 and a 12-month high of $253.44. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.38 and a current ratio of 1.52. The stock has a market cap of $10,727.31, a P/E ratio of 19.72, a PEG ratio of 1.32 and a beta of 1.17.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the firm earned $2.27 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. sell-side analysts anticipate that Huntington Ingalls Industries Inc will post 12.01 earnings per share for the current year.
Huntington Ingalls Industries declared that its Board of Directors has initiated a stock buyback program on Tuesday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 24th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.22%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, November 22nd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 21.75%.
In related news, VP D R. Wyatt sold 800 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $240.33, for a total transaction of $192,264.00. Following the completion of the transaction, the vice president now directly owns 19,065 shares in the company, valued at approximately $4,581,891.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip M. Bilden acquired 2,200 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were bought at an average price of $234.11 per share, with a total value of $515,042.00. The disclosure for this purchase can be found here. 2.22% of the stock is currently owned by company insiders.
A number of equities research analysts have weighed in on the company. BidaskClub lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Cowen reaffirmed a “hold” rating and issued a $225.00 price objective on shares of Huntington Ingalls Industries in a report on Friday, October 6th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $241.00 price objective (up previously from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price objective on the stock in a report on Friday, November 10th. Finally, ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $222.57.
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.
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