Andra AP fonden purchased a new position in Huntington Ingalls Industries Inc (NYSE:HII) during the first quarter, HoldingsChannel.com reports. The firm purchased 31,800 shares of the aerospace company’s stock, valued at approximately $6,589,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Athena Capital Advisors LLC bought a new position in Huntington Ingalls Industries in the fourth quarter valued at about $28,000. CSat Investment Advisory L.P. grew its position in Huntington Ingalls Industries by 89.9% in the fourth quarter. CSat Investment Advisory L.P. now owns 150 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 71 shares during the last quarter. Howe & Rusling Inc. grew its position in Huntington Ingalls Industries by 433.3% in the first quarter. Howe & Rusling Inc. now owns 160 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 130 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Huntington Ingalls Industries by 53.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 175 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 61 shares during the last quarter. Finally, Cypress Capital Management LLC WY bought a new position in Huntington Ingalls Industries in the fourth quarter valued at about $42,000. Institutional investors own 85.59% of the company’s stock.
HII has been the topic of a number of recent analyst reports. Zacks Investment Research cut Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. ValuEngine upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $251.08.
Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.27 by ($0.42). Huntington Ingalls Industries had a net margin of 9.52% and a return on equity of 48.34%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm earned $3.48 EPS. The business’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts anticipate that Huntington Ingalls Industries Inc will post 14.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Thursday, May 23rd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 18.02%.
In other news, VP William R. Ermatinger sold 1,863 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $211.55, for a total transaction of $394,117.65. Following the sale, the vice president now directly owns 35,020 shares in the company, valued at $7,408,481. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Edgar A. Green III sold 500 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $205.66, for a total value of $102,830.00. Following the sale, the vice president now owns 10,137 shares in the company, valued at $2,084,775.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,405 shares of company stock worth $721,128. Company insiders own 2.65% of the company’s stock.
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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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