Swiss National Bank trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 124,400 shares of the aerospace company's stock after selling 3,600 shares during the period. Swiss National Bank owned approximately 0.31% of Huntington Ingalls Industries worth $32,299,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HII. Robeco Institutional Asset Management B.V. increased its position in shares of Huntington Ingalls Industries by 29.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,395 shares of the aerospace company's stock worth $695,000 after purchasing an additional 766 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Huntington Ingalls Industries by 11.2% in the 3rd quarter. Mackenzie Financial Corp now owns 1,438 shares of the aerospace company's stock valued at $291,000 after acquiring an additional 145 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of Huntington Ingalls Industries by 20.6% in the 3rd quarter. IFM Investors Pty Ltd now owns 5,209 shares of the aerospace company's stock worth $1,066,000 after acquiring an additional 888 shares during the last quarter. Advisor Partners II LLC boosted its position in shares of Huntington Ingalls Industries by 9.6% during the 3rd quarter. Advisor Partners II LLC now owns 4,539 shares of the aerospace company's stock worth $929,000 after purchasing an additional 397 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in Huntington Ingalls Industries in the 3rd quarter valued at approximately $217,000. Institutional investors and hedge funds own 90.46% of the company's stock.
Huntington Ingalls Industries Stock Down 0.7 %
Shares of NYSE HII traded down $1.65 during mid-day trading on Wednesday, hitting $246.92. The company had a trading volume of 331,099 shares, compared to its average volume of 322,430. Huntington Ingalls Industries, Inc. has a 1-year low of $193.38 and a 1-year high of $299.50. The company has a market capitalization of $9.74 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 2.32 and a beta of 0.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89. The business's 50-day simple moving average is $280.71 and its 200 day simple moving average is $262.09.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.50 by $0.37. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the company posted $3.23 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current year.
Huntington Ingalls Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, May 31st. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 29.31%.
Analyst Ratings Changes
HII has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an "overweight" rating in a research report on Thursday, March 21st. StockNews.com downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 3rd. Finally, Barclays increased their price target on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 6th.
Read Our Latest Stock Analysis on HII
Insider Transactions at Huntington Ingalls Industries
In related news, VP D R. Wyatt sold 500 shares of the company's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $288.56, for a total value of $144,280.00. Following the completion of the sale, the vice president now directly owns 18,600 shares of the company's stock, valued at approximately $5,367,216. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CAO Nicolas G. Schuck sold 1,293 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the transaction, the chief accounting officer now owns 2,250 shares in the company, valued at approximately $655,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP D R. Wyatt sold 500 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $288.56, for a total value of $144,280.00. Following the sale, the vice president now directly owns 18,600 shares of the company's stock, valued at $5,367,216. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,572 shares of company stock worth $2,161,024. 0.72% of the stock is currently owned by insiders.
About Huntington Ingalls Industries
(
Free Report)
Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.
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