Advisor Group Inc. increased its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 75.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,337 shares of the aerospace company’s stock after buying an additional 2,298 shares during the period. Advisor Group Inc.’s holdings in Huntington Ingalls Industries were worth $1,106,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of HII. Parametric Portfolio Associates LLC lifted its position in Huntington Ingalls Industries by 2.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 163,456 shares of the aerospace company’s stock valued at $33,868,000 after purchasing an additional 3,838 shares during the period. Martingale Asset Management L P lifted its position in Huntington Ingalls Industries by 8.2% during the 1st quarter. Martingale Asset Management L P now owns 193,615 shares of the aerospace company’s stock valued at $40,118,000 after purchasing an additional 14,602 shares during the period. Piedmont Investment Advisors Inc. lifted its position in Huntington Ingalls Industries by 1.7% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 3,323 shares of the aerospace company’s stock valued at $689,000 after purchasing an additional 55 shares during the period. Barings LLC lifted its position in Huntington Ingalls Industries by 10.8% during the 1st quarter. Barings LLC now owns 14,510 shares of the aerospace company’s stock valued at $3,006,000 after purchasing an additional 1,420 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Huntington Ingalls Industries during the 1st quarter valued at about $922,000. Institutional investors and hedge funds own 85.59% of the company’s stock.
In related news, VP Nicolas G. Schuck sold 500 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $204.46, for a total transaction of $102,230.00. Following the completion of the sale, the vice president now directly owns 2,640 shares of the company’s stock, valued at approximately $539,774.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP William R. Ermatinger sold 1,863 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $211.55, for a total value of $394,117.65. Following the sale, the vice president now directly owns 35,020 shares of the company’s stock, valued at $7,408,481. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,405 shares of company stock valued at $721,128. 2.65% of the stock is owned by company insiders.
Shares of NYSE:HII opened at $210.94 on Thursday. The company has a market capitalization of $9.07 billion, a P/E ratio of 11.05 and a beta of 1.17. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.92 and a current ratio of 0.98. Huntington Ingalls Industries Inc has a fifty-two week low of $173.80 and a fifty-two week high of $262.32.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share for the quarter, missing analysts’ consensus estimates of $3.27 by ($0.42). The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.95 billion. Huntington Ingalls Industries had a net margin of 9.52% and a return on equity of 48.34%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.48 earnings per share. On average, analysts forecast that Huntington Ingalls Industries Inc will post 14.59 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were paid a dividend of $0.86 per share. The ex-dividend date was Thursday, May 23rd. This represents a $3.44 dividend on an annualized basis and a yield of 1.63%. Huntington Ingalls Industries’s payout ratio is 18.02%.
A number of research firms have issued reports on HII. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. ValuEngine upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $251.08.
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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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