Meeder Asset Management Inc. lessened its position in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 5.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,911 shares of the aerospace company’s stock after selling 356 shares during the quarter. Meeder Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $1,252,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of Huntington Ingalls Industries by 8.4% in the 2nd quarter. BlackRock Inc. now owns 3,537,271 shares of the aerospace company’s stock worth $794,967,000 after purchasing an additional 272,816 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 6.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,977,854 shares of the aerospace company’s stock worth $443,019,000 after purchasing an additional 114,894 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Huntington Ingalls Industries by 1.0% in the 2nd quarter. LSV Asset Management now owns 1,751,664 shares of the aerospace company’s stock worth $393,668,000 after purchasing an additional 17,822 shares in the last quarter. Boston Partners lifted its stake in Huntington Ingalls Industries by 8.3% during the 2nd quarter. Boston Partners now owns 555,132 shares of the aerospace company’s stock valued at $124,781,000 after acquiring an additional 42,535 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Huntington Ingalls Industries by 1.4% during the 2nd quarter. Northern Trust Corp now owns 500,747 shares of the aerospace company’s stock valued at $112,538,000 after acquiring an additional 6,723 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. Buckingham Research dropped their price objective on Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. ValuEngine upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Alembic Global Advisors upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research note on Monday, August 5th. Bank of America dropped their price objective on Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, UBS Group raised their target price on Huntington Ingalls Industries from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $249.30.
HII traded up $0.76 during trading hours on Friday, hitting $251.21. The stock had a trading volume of 450,488 shares, compared to its average volume of 312,075. The company’s fifty day simple moving average is $216.46 and its 200 day simple moving average is $216.34. Huntington Ingalls Industries Inc has a 1 year low of $173.80 and a 1 year high of $254.14. The stock has a market cap of $9.56 billion, a PE ratio of 13.16 and a beta of 1.19. The company has a quick ratio of 1.05, a current ratio of 1.12 and a debt-to-equity ratio of 1.15.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, November 7th. The aerospace company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.11. Huntington Ingalls Industries had a return on equity of 42.07% and a net margin of 8.04%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the firm posted $5.29 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts expect that Huntington Ingalls Industries Inc will post 13.95 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $1.03 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $4.12 annualized dividend and a yield of 1.64%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.86. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 18.02%.
In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 1,874 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $205.00, for a total value of $384,170.00. Following the completion of the transaction, the vice president now owns 33,888 shares in the company, valued at approximately $6,947,040. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.65% of the stock is owned by company insiders.
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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