Sciencast Management LP purchased a new stake in Huntington Ingalls Industries (NYSE:HII) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,126 shares of the aerospace company’s stock, valued at approximately $508,000.
Several other hedge funds also recently modified their holdings of the company. Flinton Capital Management LLC grew its stake in Huntington Ingalls Industries by 16.1% during the fourth quarter. Flinton Capital Management LLC now owns 12,912 shares of the aerospace company’s stock worth $3,043,000 after purchasing an additional 1,792 shares during the period. Meadow Creek Investment Management LLC boosted its holdings in Huntington Ingalls Industries by 16.1% in the fourth quarter. Meadow Creek Investment Management LLC now owns 17,754 shares of the aerospace company’s stock worth $4,185,000 after acquiring an additional 2,464 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Huntington Ingalls Industries by 33.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,790 shares of the aerospace company’s stock worth $656,000 after acquiring an additional 697 shares in the last quarter. HBK Investments L P boosted its holdings in Huntington Ingalls Industries by 184.5% in the fourth quarter. HBK Investments L P now owns 16,500 shares of the aerospace company’s stock worth $3,889,000 after acquiring an additional 10,701 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Huntington Ingalls Industries by 296.7% in the fourth quarter. Two Sigma Investments LP now owns 34,719 shares of the aerospace company’s stock worth $8,183,000 after acquiring an additional 25,966 shares in the last quarter. 84.13% of the stock is owned by institutional investors.
In other news, VP Brian J. Cuccias sold 2,858 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $256.61, for a total value of $733,391.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip M. Bilden bought 4,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was bought at an average cost of $265.14 per share, with a total value of $1,060,560.00. Following the purchase, the director now owns 142 shares in the company, valued at approximately $37,649.88. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 6,800 shares of company stock valued at $1,794,184 and have sold 12,979 shares valued at $3,381,250. Insiders own 2.22% of the company’s stock.
A number of research firms have recently weighed in on HII. Barclays began coverage on Huntington Ingalls Industries in a report on Thursday, March 29th. They issued an “overweight” rating and a $309.00 target price on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $271.00 target price (up previously from $242.00) on shares of Huntington Ingalls Industries in a report on Tuesday, February 20th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. Cowen upgraded Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $252.00 to $275.00 in a report on Thursday, February 1st. Finally, Stifel Nicolaus reiterated a “sell” rating and set a $230.00 price target on shares of Huntington Ingalls Industries in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $266.67.
Huntington Ingalls Industries stock traded down $4.68 during midday trading on Friday, hitting $256.31. 594,958 shares of the company’s stock were exchanged, compared to its average volume of 480,786. Huntington Ingalls Industries has a 52-week low of $183.42 and a 52-week high of $276.69. The company has a quick ratio of 1.45, a current ratio of 1.58 and a debt-to-equity ratio of 0.73. The stock has a market cap of $11,688.64, a price-to-earnings ratio of 21.11, a PEG ratio of 1.00 and a beta of 0.99.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.93 by $0.18. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company posted $4.20 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. research analysts anticipate that Huntington Ingalls Industries will post 17.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.12%. The ex-dividend date was Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 23.72%.
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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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