Asset Management One Co. Ltd. increased its holdings in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,495 shares of the aerospace company’s stock after buying an additional 439 shares during the quarter. Asset Management One Co. Ltd. owned 0.16% of Huntington Ingalls Industries worth $16,404,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in HII. Howe & Rusling Inc. lifted its position in shares of Huntington Ingalls Industries by 4,844.4% during the 3rd quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock worth $101,000 after buying an additional 436 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Huntington Ingalls Industries by 6.8% during the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after buying an additional 36 shares during the last quarter. Global X Management Co. LLC bought a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth $125,000. Pacer Advisors Inc. lifted its position in shares of Huntington Ingalls Industries by 7.0% during the 2nd quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock worth $165,000 after buying an additional 58 shares during the last quarter. Finally, Sigma Planning Corp bought a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth $214,000. Institutional investors and hedge funds own 84.23% of the company’s stock.
Several brokerages recently weighed in on HII. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price objective for the company in a research report on Friday, November 10th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $241.00 target price (up previously from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Citigroup reaffirmed a “neutral” rating and issued a $233.00 target price (up previously from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Cowen reaffirmed a “hold” rating and issued a $225.00 target price on shares of Huntington Ingalls Industries in a report on Friday, October 6th. 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 assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $222.57.
Huntington Ingalls Industries Inc (NYSE:HII) opened at $235.09 on Thursday. Huntington Ingalls Industries Inc has a fifty-two week low of $175.26 and a fifty-two week high of $253.44. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 1.38. The stock has a market capitalization of $10,570.31, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.30 and a beta of 1.17.
Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.49. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities analysts forecast that Huntington Ingalls Industries Inc will post 12.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 24th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Wednesday, November 22nd. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. Huntington Ingalls Industries’s dividend payout ratio is presently 21.75%.
Huntington Ingalls Industries announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
In other news, VP D R. Wyatt sold 800 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $240.33, for a total value of $192,264.00. Following the completion of the sale, the vice president now owns 19,065 shares of the company’s stock, valued at $4,581,891.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Philip M. Bilden purchased 2,200 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was bought at an average cost 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 owned by corporate insiders.
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Huntington Ingalls Industries Profile
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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