Earnest Partners LLC boosted its position in Huntington Ingalls Industries Inc (NYSE:HII) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,589 shares of the aerospace company’s stock after purchasing an additional 5,142 shares during the period. Earnest Partners LLC owned about 0.37% of Huntington Ingalls Industries worth $38,402,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of HII. Koch Industries Inc. raised its stake in Huntington Ingalls Industries by 30,333.4% during the 2nd quarter. Koch Industries Inc. now owns 357,288 shares of the aerospace company’s stock valued at $355,000 after purchasing an additional 356,114 shares during the period. Janus Henderson Group PLC increased its stake in Huntington Ingalls Industries by 9,035.5% in the 2nd quarter. Janus Henderson Group PLC now owns 321,934 shares of the aerospace company’s stock worth $59,931,000 after acquiring an additional 318,410 shares during the last quarter. Discovery Capital Management LLC CT increased its stake in Huntington Ingalls Industries by 82.4% in the 2nd quarter. Discovery Capital Management LLC CT now owns 576,347 shares of the aerospace company’s stock worth $107,293,000 after acquiring an additional 260,408 shares during the last quarter. BlackRock Inc. increased its stake in Huntington Ingalls Industries by 2.7% in the 2nd quarter. BlackRock Inc. now owns 4,572,209 shares of the aerospace company’s stock worth $851,165,000 after acquiring an additional 120,171 shares during the last quarter. Finally, FMR LLC increased its stake in Huntington Ingalls Industries by 4.1% in the 2nd quarter. FMR LLC now owns 2,881,190 shares of the aerospace company’s stock worth $536,363,000 after acquiring an additional 114,098 shares during the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the company. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 target price on the stock in a research report on Friday, November 10th. Citigroup reissued a “neutral” rating and issued a $233.00 price objective (up from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Cowen restated a “hold” rating and issued a $225.00 target price on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $241.00 target price (up previously from $211.00) on shares of Huntington Ingalls Industries in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $222.57.
Huntington Ingalls Industries Inc (HII) traded down $7.69 during trading hours on Tuesday, hitting $228.01. The company had a trading volume of 9,008,601 shares, compared to its average volume of 5,034,550. Huntington Ingalls Industries Inc has a 12-month low of $183.42 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 firm has a market capitalization of $10,320.00, a PE ratio of 17.17, a PEG ratio of 1.30 and a beta of 1.17.
Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. sell-side analysts forecast that Huntington Ingalls Industries Inc will post 12.09 EPS for the current year.
The company 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 is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. This represents a $2.88 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Wednesday, November 22nd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 21.69%.
Huntington Ingalls Industries announced that its Board of Directors has approved a stock buyback program on Tuesday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Huntington Ingalls Industries 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 value of $192,264.00. Following the sale, the vice president now owns 19,065 shares of the company’s stock, valued at approximately $4,581,891.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip M. Bilden acquired 2,200 shares of the stock in a transaction on Friday, November 24th. The stock was acquired at an average cost of $234.11 per share, for a total transaction of $515,042.00. The disclosure for this purchase can be found here. Company insiders own 2.22% of the company’s stock.
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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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