Capital Fund Management S.A. lessened its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 41.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,898 shares of the aerospace company’s stock after selling 33,400 shares during the quarter. Capital Fund Management S.A.’s holdings in Huntington Ingalls Industries were worth $12,010,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of HII. Royal Bank of Canada grew its holdings in Huntington Ingalls Industries by 59.7% in the 1st quarter. Royal Bank of Canada now owns 14,624 shares of the aerospace company’s stock valued at $3,768,000 after buying an additional 5,467 shares during the period. IFM Investors Pty Ltd grew its holdings in Huntington Ingalls Industries by 43.1% in the 2nd quarter. IFM Investors Pty Ltd now owns 2,107 shares of the aerospace company’s stock valued at $457,000 after buying an additional 635 shares during the period. Fox Run Management L.L.C. grew its holdings in Huntington Ingalls Industries by 171.3% in the 2nd quarter. Fox Run Management L.L.C. now owns 3,643 shares of the aerospace company’s stock valued at $790,000 after buying an additional 2,300 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Huntington Ingalls Industries in the 2nd quarter valued at about $11,238,000. Finally, Retirement Systems of Alabama grew its holdings in Huntington Ingalls Industries by 8.6% in the 2nd quarter. Retirement Systems of Alabama now owns 47,155 shares of the aerospace company’s stock valued at $10,223,000 after buying an additional 3,730 shares during the period. Hedge funds and other institutional investors own 85.83% of the company’s stock.
Several analysts have commented on HII shares. ValuEngine cut Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Goldman Sachs Group cut Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 price target for the company. in a report on Thursday, October 11th. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, October 15th. Buckingham Research started coverage on Huntington Ingalls Industries in a report on Wednesday, September 12th. They issued a “buy” rating and a $297.00 price target for the company. Finally, Cowen restated a “buy” rating and issued a $260.00 price target (up previously from $250.00) on shares of Huntington Ingalls Industries in a report on Friday, August 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $259.31.
Shares of NYSE HII traded down $1.45 during midday trading on Thursday, hitting $212.00. The stock had a trading volume of 1,978 shares, compared to its average volume of 475,415. The firm has a market capitalization of $9.20 billion, a P/E ratio of 17.58, a P/E/G ratio of 0.82 and a beta of 1.13. Huntington Ingalls Industries Inc has a 1-year low of $201.91 and a 1-year high of $276.69. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 1.03.
Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, November 8th. The aerospace company reported $5.29 earnings per share for the quarter, beating the consensus estimate of $4.14 by $1.15. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.90 billion. Huntington Ingalls Industries had a return on equity of 43.71% and a net margin of 8.63%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.27 EPS. On average, equities research analysts expect that Huntington Ingalls Industries Inc will post 17.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.86 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. This represents a $3.44 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Thursday, November 29th. Huntington Ingalls Industries’s payout ratio is currently 23.72%.
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About Huntington Ingalls Industries
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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