Stone Ridge Asset Management LLC Purchases Shares of 6,343 Huntington Ingalls Industries (NYSE:HII)

Stone Ridge Asset Management LLC purchased a new stake in Huntington Ingalls Industries (NYSE:HII) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,343 shares of the aerospace company’s stock, valued at approximately $1,495,000.

A number of other large investors also recently made changes to their positions in HII. IFC Holdings Incorporated FL increased its position in shares of Huntington Ingalls Industries by 3.6% in the fourth quarter. IFC Holdings Incorporated FL now owns 6,434 shares of the aerospace company’s stock valued at $1,523,000 after buying an additional 223 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Huntington Ingalls Industries by 19.2% in the third quarter. Daiwa Securities Group Inc. now owns 1,550 shares of the aerospace company’s stock valued at $351,000 after buying an additional 250 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Huntington Ingalls Industries by 3.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 8,555 shares of the aerospace company’s stock valued at $2,016,000 after buying an additional 284 shares in the last quarter. Comerica Bank increased its position in shares of Huntington Ingalls Industries by 0.8% in the fourth quarter. Comerica Bank now owns 36,015 shares of the aerospace company’s stock valued at $8,577,000 after buying an additional 286 shares in the last quarter. Finally, ProVise Management Group LLC increased its position in shares of Huntington Ingalls Industries by 11.7% in the fourth quarter. ProVise Management Group LLC now owns 2,751 shares of the aerospace company’s stock valued at $648,000 after buying an additional 288 shares in the last quarter. 84.13% of the stock is owned by institutional investors.

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In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 2,616 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $267.50, for a total transaction of $699,780.00. Following the transaction, the vice president now owns 3,809 shares of the company’s stock, valued at $1,018,907.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian J. Cuccias sold 2,858 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $256.61, for a total value of $733,391.38. The disclosure for this sale can be found here. In the last three months, insiders have acquired 6,800 shares of company stock worth $1,794,184 and have sold 12,979 shares worth $3,381,250. Insiders own 2.22% of the company’s stock.

A number of analysts have recently commented on the company. Barclays assumed coverage on Huntington Ingalls Industries in a research report on Thursday, March 29th. They issued an “overweight” rating and a $309.00 price objective for the company. Sanford C. Bernstein restated a “market perform” rating and issued a $271.00 price objective (up from $242.00) on shares of Huntington Ingalls Industries in a research report on Tuesday, February 20th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. Stifel Nicolaus restated a “sell” rating and issued a $230.00 price objective on shares of Huntington Ingalls Industries in a research report on Friday, February 16th. Finally, Bank of America set a $335.00 price objective on Huntington Ingalls Industries and gave the company a “buy” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Huntington Ingalls Industries currently has a consensus rating of “Buy” and an average target price of $266.67.

Shares of HII opened at $256.31 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.58 and a quick ratio of 1.45. Huntington Ingalls Industries has a one year low of $183.42 and a one year high of $276.69. The company has a market cap of $11,640.27, a P/E 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.93 by $0.18. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.20 earnings per share. equities analysts predict that Huntington Ingalls Industries will post 17.38 EPS for the current year.

The business also recently disclosed 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 dividend on an annualized basis 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.

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

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