Parametric Portfolio Associates LLC lifted its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,885 shares of the aerospace company’s stock after buying an additional 8,139 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.37% of Huntington Ingalls Industries worth $37,789,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. IHT Wealth Management LLC boosted its stake in Huntington Ingalls Industries by 1,750.0% in the 2nd quarter. IHT Wealth Management LLC now owns 148 shares of the aerospace company’s stock worth $973,000 after purchasing an additional 140 shares in the last quarter. Howe & Rusling Inc. boosted its stake in Huntington Ingalls Industries by 4,844.4% in the 3rd quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 436 shares in the last quarter. Toronto Dominion Bank boosted its stake in Huntington Ingalls Industries by 6.8% in the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 36 shares in the last quarter. Global X Management Co. LLC bought a new position in Huntington Ingalls Industries in the 2nd quarter worth about $125,000. Finally, Pacer Advisors Inc. lifted its stake in Huntington Ingalls Industries by 7.0% during the 2nd quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock valued at $165,000 after acquiring an additional 58 shares during the period. 83.95% of the stock is currently owned by hedge funds and other institutional investors.
Huntington Ingalls Industries Inc (NYSE HII) traded up $8.16 during midday trading on Friday, hitting $247.43. 423,738 shares of the stock traded hands, compared to its average volume of 847,172. Huntington Ingalls Industries Inc has a 12-month low of $183.42 and a 12-month high of $253.44. The stock has a market cap of $10,829.66, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.28 and a beta of 1.18. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.75.
Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.49. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.80 billion. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 EPS. analysts forecast that Huntington Ingalls Industries Inc will post 12.09 EPS for the current fiscal year.
Huntington Ingalls Industries announced that its Board of Directors has initiated a share repurchase plan on Tuesday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In other news, Director Philip M. Bilden bought 2,200 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average cost of $234.11 per share, with a total value of $515,042.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP D R. Wyatt sold 800 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $240.33, for a total transaction of $192,264.00. Following the completion of the sale, the vice president now directly owns 19,065 shares of the company’s stock, valued at $4,581,891.45. The disclosure for this sale can be found here. Corporate insiders own 2.22% of the company’s stock.
Several research firms have issued reports on HII. Credit Suisse Group restated a “neutral” rating and set a $241.00 target price (up previously from $211.00) on shares of Huntington Ingalls Industries in a research note on Thursday, November 9th. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 target price on the stock in a research note on Friday, November 10th. Citigroup restated a “neutral” rating and set a $233.00 target price (up previously from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Cowen restated a “hold” rating and set a $225.00 target price on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $220.29.
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About Huntington Ingalls Industries
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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