Rhumbline Advisers cut its position in shares of Huntington Ingalls Industries (NYSE:HII) by 20.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,903 shares of the aerospace company’s stock after selling 19,532 shares during the period. Rhumbline Advisers owned 0.17% of Huntington Ingalls Industries worth $20,080,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of Huntington Ingalls Industries by 2.4% in the fourth quarter. BlackRock Inc. now owns 4,727,701 shares of the aerospace company’s stock valued at $1,114,317,000 after purchasing an additional 112,168 shares during the period. Gotham Asset Management LLC purchased a new position in Huntington Ingalls Industries in the fourth quarter worth approximately $16,158,000. First Trust Advisors LP lifted its stake in Huntington Ingalls Industries by 46.5% in the fourth quarter. First Trust Advisors LP now owns 172,644 shares of the aerospace company’s stock worth $40,692,000 after acquiring an additional 54,761 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Huntington Ingalls Industries by 194.3% in the fourth quarter. Lazard Asset Management LLC now owns 72,907 shares of the aerospace company’s stock worth $17,183,000 after acquiring an additional 48,135 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $9,422,000. 84.75% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on HII shares. Zacks Investment Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. Wells Fargo raised shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating in a report on Friday, May 4th. Stifel Nicolaus dropped their price objective on shares of Huntington Ingalls Industries from $230.00 to $200.00 and set a “sell” rating on the stock in a research note on Friday, May 4th. Credit Suisse Group decreased their target price on shares of Huntington Ingalls Industries from $335.00 to $328.00 and set an “outperform” rating on the stock in a research report on Monday, April 16th. Finally, Cowen upgraded shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $270.00.
Shares of NYSE:HII opened at $220.88 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.51 and a quick ratio of 1.38. Huntington Ingalls Industries has a 52-week low of $219.57 and a 52-week high of $221.50. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 0.88 and a beta of 1.01.
Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, May 3rd. The aerospace company reported $3.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.07 by ($0.59). Huntington Ingalls Industries had a net margin of 6.80% and a return on equity of 34.69%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the company posted $2.56 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. analysts anticipate that Huntington Ingalls Industries will post 16.62 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Friday, May 25th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, May 24th. Huntington Ingalls Industries’s dividend payout ratio is presently 23.72%.
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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