Retirement Systems of Alabama boosted its stake in Huntington Ingalls Industries Inc (NYSE:HII) by 63.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,961 shares of the aerospace company’s stock after acquiring an additional 37,373 shares during the period. Retirement Systems of Alabama owned 0.21% of Huntington Ingalls Industries worth $22,618,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC bought a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $100,000. Howe & Rusling Inc. boosted its holdings 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 in the last quarter. Welch Group LLC bought a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $101,000. Toronto Dominion Bank boosted its holdings 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 in the last quarter. Finally, HL Financial Services LLC bought a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $212,000. Institutional investors and hedge funds own 82.45% of the company’s stock.
In other news, Director Philip M. Bilden bought 2,200 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were bought at an average cost of $234.11 per share, for a total transaction of $515,042.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.22% of the stock is owned by company insiders.
Huntington Ingalls Industries Inc (NYSE HII) opened at $255.39 on Friday. Huntington Ingalls Industries Inc has a twelve month low of $183.42 and a twelve month high of $255.48. 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 $11,560.00, a price-to-earnings ratio of 19.23, a P/E/G ratio of 1.21 and a beta of 1.15.
Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 15th. The aerospace company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.18. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the business earned $4.20 EPS. Huntington Ingalls Industries’s quarterly revenue was up 3.9% compared to the same quarter last year. analysts predict that Huntington Ingalls Industries Inc will post 12.09 earnings per share for the current year.
Huntington Ingalls Industries declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio is currently 21.69%.
A number of research firms have issued reports on HII. Cowen restated a “buy” rating and set a $275.00 price target on shares of Huntington Ingalls Industries in a report on Thursday. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price target on the stock in a report on Friday, November 10th. Credit Suisse Group restated a “neutral” rating and set a $241.00 price target (up from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Finally, ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Huntington Ingalls Industries has an average rating of “Hold” and a consensus price target of $227.43.
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Huntington Ingalls Industries Company 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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