Dupont Capital Management Corp lifted its position in Huntington Ingalls Industries Inc (NYSE:HII) by 108.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,176 shares of the aerospace company’s stock after purchasing an additional 11,516 shares during the quarter. Dupont Capital Management Corp owned 0.05% of Huntington Ingalls Industries worth $5,679,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of HII. Global Financial Private Capital LLC bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $402,000. Virtu Financial LLC bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $234,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $312,000. Envestnet Asset Management Inc. lifted its stake in shares of Huntington Ingalls Industries by 34.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,077 shares of the aerospace company’s stock valued at $1,317,000 after acquiring an additional 1,555 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Huntington Ingalls Industries by 5,517.5% in the 2nd quarter. Schroder Investment Management Group now owns 89,880 shares of the aerospace company’s stock valued at $19,396,000 after acquiring an additional 88,280 shares during the last quarter. Hedge funds and other institutional investors own 85.56% of the company’s stock.
In other news, VP Jerri F. Dickseski sold 271 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $257.84, for a total value of $69,874.64. Following the completion of the transaction, the vice president now owns 34,750 shares of the company’s stock, valued at approximately $8,959,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.22% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Bank of America lowered their target price on Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating for the company in a research note on Friday. ValuEngine raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Zacks Investment Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Goldman Sachs Group lowered Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 price target for the company. in a research report on Thursday, October 11th. Finally, Buckingham Research assumed coverage on Huntington Ingalls Industries in a research report on Wednesday, September 12th. They set a “buy” rating and a $297.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $262.83.
HII opened at $223.65 on Friday. The company has a market cap of $10.14 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.91 and a beta of 1.13. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.43 and a quick ratio of 1.31. Huntington Ingalls Industries Inc has a one year low of $201.91 and a one year high of $276.69.
Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, November 8th. The aerospace company reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $4.14 by $1.15. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.90 billion. Huntington Ingalls Industries had a return on equity of 39.78% and a net margin of 7.84%. Huntington Ingalls Industries’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.27 EPS. Equities research analysts forecast that Huntington Ingalls Industries Inc will post 17.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.86 per share. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $3.44 dividend on an annualized basis and a yield of 1.54%. Huntington Ingalls Industries’s dividend payout ratio is presently 23.72%.
Huntington Ingalls Industries 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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