Quantitative Investment Management LLC purchased a new position in Huntington Ingalls Industries Inc (NYSE:HII) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,000 shares of the aerospace company’s stock, valued at approximately $2,828,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in HII. BlackRock Inc. lifted its holdings in shares of Huntington Ingalls Industries by 2.4% in the 4th quarter. BlackRock Inc. now owns 4,727,701 shares of the aerospace company’s stock worth $1,114,317,000 after purchasing an additional 112,168 shares during the last quarter. Atlantic Trust Group LLC bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $19,490,000. First Trust Advisors LP lifted its holdings in shares of Huntington Ingalls Industries by 46.5% in the 4th quarter. First Trust Advisors LP now owns 172,644 shares of the aerospace company’s stock worth $40,692,000 after purchasing an additional 54,761 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Huntington Ingalls Industries by 127.9% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 87,550 shares of the aerospace company’s stock worth $19,823,000 after purchasing an additional 49,132 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 194.3% in the 4th quarter. Lazard Asset Management LLC now owns 72,907 shares of the aerospace company’s stock worth $17,183,000 after purchasing an additional 48,135 shares during the last quarter. 84.16% of the stock is currently owned by institutional investors and hedge funds.
In other Huntington Ingalls Industries news, Director Philip M. Bilden bought 4,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were purchased at an average price of $265.14 per share, with a total value of $1,060,560.00. Following the purchase, the director now directly owns 142 shares of the company’s stock, valued at $37,649.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Christopher D. Kastner sold 2,857 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $260.35, for a total value of $743,819.95. Following the sale, the chief financial officer now directly owns 42,321 shares in the company, valued at approximately $11,018,272.35. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 6,800 shares of company stock worth $1,794,184 and have sold 12,979 shares worth $3,381,250. 2.22% of the stock is owned by insiders.
Shares of Huntington Ingalls Industries Inc (NYSE:HII) opened at $254.09 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.45 and a current ratio of 1.58. The firm has a market capitalization of $11,369.77, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 0.97 and a beta of 1.01. Huntington Ingalls Industries Inc has a 12 month low of $183.42 and a 12 month high of $276.69.
Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 15th. The aerospace company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.18. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.20 EPS. equities research analysts expect that Huntington Ingalls Industries Inc will post 17.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.13%. The ex-dividend date was Thursday, February 22nd. Huntington Ingalls Industries’s payout ratio is currently 27.56%.
Several brokerages recently issued reports on HII. Sanford C. Bernstein reissued a “market perform” rating and issued a $271.00 price target (up previously from $242.00) on shares of Huntington Ingalls Industries in a report on Tuesday, February 20th. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. Cowen raised Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $252.00 to $275.00 in a report on Thursday, February 1st. Stifel Nicolaus reissued a “sell” rating and issued a $230.00 price target on shares of Huntington Ingalls Industries in a report on Friday, February 16th. Finally, Credit Suisse Group raised Huntington Ingalls Industries from a “neutral” rating to an “outperform” rating and set a $241.00 price target on the stock in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $261.38.
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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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