Migdal Insurance & Financial Holdings Ltd. lessened its holdings in shares of Huntington Ingalls Industries (NYSE:HII) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,489 shares of the aerospace company’s stock after selling 1,222 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned 0.06% of Huntington Ingalls Industries worth $7,086,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter worth approximately $100,000. Welch Group LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter worth approximately $101,000. HL Financial Services LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter worth approximately $212,000. CAPROCK Group Inc. purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $218,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $225,000. 84.75% of the stock is owned by institutional investors and hedge funds.
In other Huntington Ingalls Industries news, VP Brian J. Cuccias sold 2,858 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $256.61, for a total transaction of $733,391.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Philip M. Bilden purchased 1,000 shares of Huntington Ingalls Industries stock in a transaction on Monday, May 14th. The shares were acquired at an average cost of $215.35 per share, for a total transaction of $215,350.00. Following the completion of the transaction, the director now owns 270 shares of the company’s stock, valued at $58,144.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 9,260 shares of company stock valued at $2,330,086 and have sold 12,979 shares valued at $3,381,250. Insiders own 2.22% of the company’s stock.
Shares of Huntington Ingalls Industries opened at $220.88 on Friday, according to Marketbeat. The company has a quick ratio of 1.38, a current ratio of 1.51 and a debt-to-equity ratio of 0.75. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 0.88 and a beta of 1.01. Huntington Ingalls Industries has a 12-month low of $219.57 and a 12-month high of $221.50.
Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, May 3rd. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.59). The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.73 billion. Huntington Ingalls Industries had a return on equity of 34.69% and a net margin of 6.80%. The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.56 EPS. research analysts anticipate that Huntington Ingalls Industries will post 16.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Friday, May 25th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, May 24th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.30%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 23.72%.
A number of equities research analysts have commented on HII shares. Cowen raised shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $252.00 to $275.00 in a research report on Thursday, February 1st. Credit Suisse Group raised shares of Huntington Ingalls Industries from a “neutral” rating to an “outperform” rating and set a $241.00 target price on the stock in a research report on Friday, February 16th. Bank of America set a $335.00 price objective on shares of Huntington Ingalls Industries and gave the stock a “buy” rating in a research report on Friday, February 16th. Stifel Nicolaus reissued a “sell” rating and set a $230.00 price objective on shares of Huntington Ingalls Industries in a research report on Friday, February 16th. Finally, ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $270.00.
Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.
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