Nomura Asset Management Co. Ltd. lowered its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,253 shares of the aerospace company’s stock after selling 225 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Huntington Ingalls Industries were worth $1,380,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc grew its stake in shares of Huntington Ingalls Industries by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 4,988,200 shares of the aerospace company’s stock worth $1,277,378,000 after purchasing an additional 19,861 shares during the last quarter. FMR LLC increased its position in shares of Huntington Ingalls Industries by 5.3% in the third quarter. FMR LLC now owns 4,014,096 shares of the aerospace company’s stock worth $1,027,930,000 after acquiring an additional 200,602 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Huntington Ingalls Industries by 7.5% in the third quarter. AQR Capital Management LLC now owns 2,208,378 shares of the aerospace company’s stock worth $565,521,000 after acquiring an additional 153,989 shares in the last quarter. LSV Asset Management increased its position in shares of Huntington Ingalls Industries by 425.0% in the fourth quarter. LSV Asset Management now owns 1,545,657 shares of the aerospace company’s stock worth $294,153,000 after acquiring an additional 1,251,220 shares in the last quarter. Finally, Artemis Investment Management LLP increased its position in shares of Huntington Ingalls Industries by 32.2% in the third quarter. Artemis Investment Management LLP now owns 617,820 shares of the aerospace company’s stock worth $158,232,000 after acquiring an additional 150,552 shares in the last quarter. 85.90% of the stock is currently owned by institutional investors.
HII stock opened at $204.41 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 0.85. The company has a market cap of $8.49 billion, a P/E ratio of 10.71 and a beta of 1.14. Huntington Ingalls Industries Inc has a 52 week low of $173.80 and a 52 week high of $267.73.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 14th. The aerospace company reported $4.94 EPS for the quarter, topping the consensus estimate of $4.45 by $0.49. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Huntington Ingalls Industries had a net margin of 10.23% and a return on equity of 49.48%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $3.11 earnings per share. As a group, analysts anticipate that Huntington Ingalls Industries Inc will post 15.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 22nd were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Thursday, February 21st. Huntington Ingalls Industries’s dividend payout ratio is currently 18.02%.
Several research analysts have recently weighed in on HII shares. Barclays downgraded shares of Huntington Ingalls Industries from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $245.00 to $215.00 in a research report on Wednesday, January 23rd. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. Cowen reissued a “buy” rating and issued a $260.00 target price on shares of Huntington Ingalls Industries in a research report on Monday, January 14th. Citigroup dropped their target price on shares of Huntington Ingalls Industries from $260.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, January 14th. Finally, JPMorgan Chase & Co. started coverage on shares of Huntington Ingalls Industries in a research report on Monday, January 7th. They issued a “neutral” rating and a $230.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Huntington Ingalls Industries has an average rating of “Hold” and an average price target of $248.00.
In related news, Director Thomas B. Fargo sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $220.57, for a total transaction of $154,399.00. Following the completion of the sale, the director now directly owns 648 shares in the company, valued at $142,929.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP D R. Wyatt sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $220.72, for a total transaction of $242,792.00. Following the sale, the vice president now owns 19,070 shares of the company’s stock, valued at $4,209,130.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,909 shares of company stock valued at $2,480,337. 2.32% of the stock is currently owned by corporate insiders.
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Huntington Ingalls Industries 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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