AMP Capital Investors Ltd reduced its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,214 shares of the aerospace company’s stock after selling 1,500 shares during the period. AMP Capital Investors Ltd owned about 0.13% of Huntington Ingalls Industries worth $13,722,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Cerebellum GP LLC acquired a new stake in Huntington Ingalls Industries in the fourth quarter valued at approximately $100,000. Welch Group LLC acquired a new stake in Huntington Ingalls Industries in the fourth quarter valued at approximately $101,000. CAPROCK Group Inc. acquired a new stake in Huntington Ingalls Industries in the fourth quarter valued at approximately $218,000. HL Financial Services LLC acquired a new stake in Huntington Ingalls Industries in the fourth quarter valued at approximately $212,000. Finally, Sigma Planning Corp acquired a new stake in Huntington Ingalls Industries in the third quarter valued at approximately $214,000. 84.16% of the stock is currently owned by institutional investors.
In related news, VP Jennifer R. Boykin sold 2,616 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $267.50, for a total transaction of $699,780.00. Following the transaction, the vice president now owns 3,809 shares in the company, valued at $1,018,907.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Christopher D. Kastner sold 2,857 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $260.35, for a total value of $743,819.95. Following the transaction, the chief financial officer now 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 quarter, insiders have purchased 6,800 shares of company stock worth $1,794,184 and have sold 12,979 shares worth $3,381,250. Company insiders own 2.22% of the company’s stock.
Shares of Huntington Ingalls Industries Inc (NYSE HII) opened at $258.16 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.58 and a quick ratio of 1.45. The stock has a market capitalization of $11,680.00, a P/E ratio of 22.08, a PEG ratio of 1.01 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 issued its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.93 by $0.18. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $4.20 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. research analysts predict that Huntington Ingalls Industries Inc will post 17.38 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.88 dividend on an annualized basis and a yield of 1.12%. Huntington Ingalls Industries’s payout ratio is 24.64%.
Huntington Ingalls Industries Company 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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