Carillon Tower Advisers Inc. boosted its position in Huntington Ingalls Industries Inc (NYSE:HII) by 126.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,400 shares of the aerospace company’s stock after buying an additional 46,650 shares during the quarter. Carillon Tower Advisers Inc. owned 0.19% of Huntington Ingalls Industries worth $21,357,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Global Financial Private Capital LLC acquired a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $402,000. Virtu Financial LLC acquired a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $234,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $312,000. Schroder Investment Management Group raised 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 purchasing an additional 88,280 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised 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 purchasing an additional 1,555 shares in the last quarter. Hedge funds and other institutional investors own 86.33% of the company’s stock.
Shares of NYSE:HII opened at $214.85 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.14 and a debt-to-equity ratio of 0.70. Huntington Ingalls Industries Inc has a fifty-two week low of $201.56 and a fifty-two week high of $276.69. The stock has a market cap of $9.19 billion, a P/E ratio of 12.38 and a beta of 1.13.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, November 8th. The aerospace company reported $5.29 earnings per share for the quarter, beating analysts’ consensus estimates of $4.14 by $1.15. Huntington Ingalls Industries had a net margin of 8.63% and a return on equity of 43.71%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the firm earned $3.27 EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities analysts expect that Huntington Ingalls Industries Inc will post 17.84 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Thursday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. Huntington Ingalls Industries’s dividend payout ratio is currently 23.72%.
In related news, VP Jerri F. Dickseski sold 271 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $257.84, for a total transaction of $69,874.64. Following the completion of the sale, 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 legal filing with the SEC, which is available through this link. 2.22% of the stock is owned by corporate insiders.
A number of equities research analysts have recently issued reports on the stock. Seaport Global Securities assumed coverage on shares of Huntington Ingalls Industries in a research note on Thursday, August 23rd. They issued a “neutral” rating and a $260.00 target price on the stock. Goldman Sachs Group lowered shares of Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 target price on the stock. in a research note on Thursday, October 11th. Buckingham Research assumed coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, September 12th. They issued a “buy” rating and a $297.00 target price on the stock. UBS Group assumed coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, August 15th. They issued a “buy” rating and a $290.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating and set a $262.00 target price on the stock in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $259.31.
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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