Chicago Equity Partners LLC Sells 3,115 Shares of Huntington Ingalls Industries, Inc. (HII)

Chicago Equity Partners LLC lessened its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 31.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,640 shares of the aerospace company’s stock after selling 3,115 shares during the quarter. Chicago Equity Partners LLC’s holdings in Huntington Ingalls Industries were worth $1,504,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Advisor Partners LLC lifted its holdings in shares of Huntington Ingalls Industries by 0.3% in the second quarter. Advisor Partners LLC now owns 1,391 shares of the aerospace company’s stock valued at $259,000 after purchasing an additional 4 shares in the last quarter. ProVise Management Group LLC lifted its holdings in shares of Huntington Ingalls Industries by 1.0% in the second quarter. ProVise Management Group LLC now owns 2,548 shares of the aerospace company’s stock valued at $474,000 after purchasing an additional 26 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Huntington Ingalls Industries by 6.8% in the second quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock valued at $105,000 after purchasing an additional 36 shares in the last quarter. World Asset Management Inc lifted its holdings in shares of Huntington Ingalls Industries by 1.7% in the second quarter. World Asset Management Inc now owns 2,588 shares of the aerospace company’s stock valued at $482,000 after purchasing an additional 44 shares in the last quarter. Finally, Gateway Investment Advisers LLC lifted its holdings in shares of Huntington Ingalls Industries by 0.5% in the second quarter. Gateway Investment Advisers LLC now owns 9,515 shares of the aerospace company’s stock valued at $1,771,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 84.65% of the company’s stock.

Shares of Huntington Ingalls Industries, Inc. (HII) opened at $239.18 on Tuesday. The company has a market capitalization of $10,892.58, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.34 and a beta of 1.19. Huntington Ingalls Industries, Inc. has a fifty-two week low of $170.15 and a fifty-two week high of $253.44. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.75.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $3.27 EPS for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.49. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.80 billion. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. Huntington Ingalls Industries’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $2.27 earnings per share. analysts anticipate that Huntington Ingalls Industries, Inc. will post 11.99 EPS for the current fiscal year.

Huntington Ingalls Industries announced that its board has initiated a share buyback program on Tuesday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a dividend of $0.72 per share. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. This represents a $2.88 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 22nd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 18.13%.

HII has been the topic of a number of recent research reports. BidaskClub upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 target price on the stock in a report on Monday, July 17th. Cowen and Company restated a “hold” rating and issued a $225.00 target price on shares of Huntington Ingalls Industries in a report on Friday, October 6th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Deutsche Bank AG restated a “buy” rating and issued a $240.00 target price (up previously from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $222.57.

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Huntington Ingalls Industries Profile

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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