Liberty Mutual Group Asset Management Inc. Sells 3,859 Shares of Huntington Ingalls Industries Inc (HII)

Liberty Mutual Group Asset Management Inc. reduced its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 25.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,527 shares of the aerospace company’s stock after selling 3,859 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $2,717,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $100,000. Welch Group LLC bought a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $101,000. Toronto Dominion Bank grew its position in shares of Huntington Ingalls Industries by 6.8% in the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock valued at $105,000 after acquiring an additional 36 shares during the period. HL Financial Services LLC bought a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $212,000. Finally, Sigma Planning Corp bought a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at about $214,000. Hedge funds and other institutional investors own 82.05% of the company’s stock.

Shares of Huntington Ingalls Industries Inc (NYSE HII) opened at $265.02 on Friday. The company has a market cap of $11,869.18, a PE ratio of 23.13, a P/E/G ratio of 1.06 and a beta of 1.15. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.45 and a current ratio of 1.58. Huntington Ingalls Industries Inc has a twelve month low of $183.42 and a twelve month high of $276.69.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 15th. The aerospace company reported $3.11 EPS for the quarter, topping the consensus estimate of $2.93 by $0.18. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.94 billion. Huntington Ingalls Industries had a net margin of 6.44% and a return on equity of 31.01%. Huntington Ingalls Industries’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.20 EPS. analysts forecast that Huntington Ingalls Industries Inc will post 17.38 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio is currently 27.56%.

Huntington Ingalls Industries announced that its board has initiated a share buyback plan on Tuesday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

A number of brokerages have recently commented on HII. Sanford C. Bernstein reissued a “market perform” rating and issued a $271.00 price objective (up previously from $242.00) on shares of Huntington Ingalls Industries in a research report on Tuesday, February 20th. ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. Stifel Nicolaus reissued a “sell” rating and issued a $230.00 price objective on shares of Huntington Ingalls Industries in a research report on Friday, February 16th. Bank of America set a $335.00 price objective on shares of Huntington Ingalls Industries and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Credit Suisse Group raised shares of Huntington Ingalls Industries from a “neutral” rating to an “outperform” rating and set a $241.00 price objective for the company in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Huntington Ingalls Industries has an average rating of “Buy” and an average target price of $261.38.

In other Huntington Ingalls Industries news, Director Philip M. Bilden acquired 4,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was purchased at an average price of $265.14 per share, with a total value of $1,060,560.00. Following the acquisition, the director now directly owns 142 shares of the company’s stock, valued at approximately $37,649.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.22% of the company’s stock.

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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.

Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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