IFM Investors Pty Ltd grew its position in Huntington Ingalls Industries Inc (NYSE:HII) by 79.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,906 shares of the aerospace company’s stock after buying an additional 2,165 shares during the period. IFM Investors Pty Ltd’s holdings in Huntington Ingalls Industries were worth $1,039,000 as of its most recent SEC filing.
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A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Huntington Ingalls Industries by 8.4% during the second quarter. BlackRock Inc. now owns 3,537,271 shares of the aerospace company’s stock valued at $794,967,000 after purchasing an additional 272,816 shares during the last quarter. AQR Capital Management LLC increased its holdings in Huntington Ingalls Industries by 6.2% during the second quarter. AQR Capital Management LLC now owns 1,977,854 shares of the aerospace company’s stock valued at $443,019,000 after buying an additional 114,894 shares during the last quarter. LSV Asset Management increased its holdings in Huntington Ingalls Industries by 1.0% during the second quarter. LSV Asset Management now owns 1,751,664 shares of the aerospace company’s stock valued at $393,668,000 after buying an additional 17,822 shares during the last quarter. Boston Partners increased its holdings in Huntington Ingalls Industries by 8.3% during the second quarter. Boston Partners now owns 555,132 shares of the aerospace company’s stock valued at $124,781,000 after buying an additional 42,535 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Huntington Ingalls Industries by 1.4% during the second quarter. Northern Trust Corp now owns 500,747 shares of the aerospace company’s stock valued at $112,538,000 after buying an additional 6,723 shares during the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.
Shares of HII traded up $0.76 during mid-day trading on Friday, reaching $251.21. The stock had a trading volume of 450,488 shares, compared to its average volume of 312,075. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 13.16 and a beta of 1.19. Huntington Ingalls Industries Inc has a 12 month low of $173.80 and a 12 month high of $254.14. The business has a fifty day moving average of $216.46 and a 200 day moving average of $216.34. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.05 and a current ratio of 1.12.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, November 7th. The aerospace company reported $3.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.63 by $0.11. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.20 billion. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.29 earnings per share. On average, research analysts forecast that Huntington Ingalls Industries Inc will post 13.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $1.03 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.86. This represents a $4.12 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, November 27th. Huntington Ingalls Industries’s dividend payout ratio is presently 18.02%.
In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 1,874 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $205.00, for a total value of $384,170.00. Following the completion of the transaction, the vice president now directly owns 33,888 shares in the company, valued at $6,947,040. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.65% of the company’s stock.
A number of analysts have commented on HII shares. Bank of America reduced their target price on shares of Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. UBS Group upped their target price on shares of Huntington Ingalls Industries from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a report on Monday, August 5th. ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Buckingham Research reduced their target price on shares of Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $249.30.
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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