OFI Invest Asset Management acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 30,707 shares of the aerospace company's stock, valued at approximately $10,443,000. OFI Invest Asset Management owned about 0.08% of Huntington Ingalls Industries as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of HII. AQR Capital Management LLC raised its position in Huntington Ingalls Industries by 509.2% during the 3rd quarter. AQR Capital Management LLC now owns 586,929 shares of the aerospace company's stock worth $168,983,000 after buying an additional 490,587 shares during the last quarter. Maverick Capital Ltd. purchased a new position in Huntington Ingalls Industries during the 2nd quarter worth $93,332,000. Orion Porfolio Solutions LLC raised its position in Huntington Ingalls Industries by 3,576.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company's stock worth $47,268,000 after buying an additional 190,434 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Huntington Ingalls Industries by 42.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 396,425 shares of the aerospace company's stock worth $114,135,000 after buying an additional 118,345 shares during the last quarter. Finally, KADENSA CAPITAL Ltd purchased a new position in Huntington Ingalls Industries during the 3rd quarter worth $28,159,000. Hedge funds and other institutional investors own 90.46% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on HII. Wells Fargo & Company began coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They issued an "equal weight" rating and a $400.00 price target for the company. The Goldman Sachs Group increased their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a "buy" rating in a report on Tuesday, January 20th. Melius Research upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a report on Monday, January 5th. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 21st. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $421.00 price target on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Moderate Buy" and a consensus target price of $383.22.
Check Out Our Latest Analysis on HII
Insider Transactions at Huntington Ingalls Industries
In related news, VP Chad N. Boudreaux sold 4,400 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the sale, the vice president directly owned 20,360 shares of the company's stock, valued at approximately $8,601,082. This represents a 17.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the sale, the executive vice president directly owned 1,949 shares in the company, valued at approximately $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.80% of the stock is currently owned by corporate insiders.
Huntington Ingalls Industries Stock Performance
Shares of HII opened at $403.00 on Friday. The company has a 50-day simple moving average of $414.35 and a 200-day simple moving average of $358.41. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $15.81 billion, a PE ratio of 26.22, a P/E/G ratio of 1.67 and a beta of 0.36. Huntington Ingalls Industries, Inc. has a 52-week low of $195.32 and a 52-week high of $460.00.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.72 by $0.32. The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.09 billion. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The business's revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.15 EPS. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.
Huntington Ingalls Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, February 27th. Huntington Ingalls Industries's dividend payout ratio is presently 35.91%.
About Huntington Ingalls Industries
(
Free Report)
Huntington Ingalls Industries NYSE: HII is America's largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company's products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.
Established in 2011 as a spin-off from Northrop Grumman's shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.
Further Reading
Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report).
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