Huntington Ingalls Industries Inc. (HII) Position Decreased by LSV Asset Management
LSV Asset Management lowered its stake in shares of Huntington Ingalls Industries Inc. (NYSE:HII) by 2.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 427,221 shares of the company’s stock after selling 10,000 shares during the period. LSV Asset Management owned 0.91% of Huntington Ingalls Industries worth $65,544,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. MSI Financial Services Inc boosted its stake in Huntington Ingalls Industries by 16.2% in the third quarter. MSI Financial Services Inc now owns 724 shares of the company’s stock valued at $111,000 after buying an additional 101 shares during the period. Herndon Capital Management LLC boosted its stake in Huntington Ingalls Industries by 6.7% in the second quarter. Herndon Capital Management LLC now owns 830 shares of the company’s stock valued at $139,000 after buying an additional 52 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new stake in Huntington Ingalls Industries during the third quarter valued at approximately $132,000. Tompkins Financial Corp boosted its stake in Huntington Ingalls Industries by 569.0% in the second quarter. Tompkins Financial Corp now owns 970 shares of the company’s stock valued at $163,000 after buying an additional 825 shares during the period. Finally, LS Investment Advisors LLC acquired a new stake in Huntington Ingalls Industries during the second quarter valued at approximately $193,000. 90.15% of the stock is currently owned by institutional investors.
Shares of Huntington Ingalls Industries Inc. (NYSE:HII) opened at 180.55 on Wednesday. The firm has a 50-day moving average price of $163.53 and a 200-day moving average price of $162.99. The company has a market cap of $8.37 billion, a P/E ratio of 20.10 and a beta of 1.15. Huntington Ingalls Industries Inc. has a 1-year low of $118.20 and a 1-year high of $181.15.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $2.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.40 by $0.13. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Huntington Ingalls Industries had a net margin of 6.04% and a return on equity of 29.26%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.98 EPS. On average, equities analysts expect that Huntington Ingalls Industries Inc. will post $10.39 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 25th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, November 22nd. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.50. Huntington Ingalls Industries’s payout ratio is presently 26.67%.
Several research firms recently commented on HII. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Wells Fargo & Co. reissued a “hold” rating on shares of Huntington Ingalls Industries in a research report on Monday, November 14th. Citigroup Inc. raised their target price on Huntington Ingalls Industries from $180.00 to $191.00 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Finally, Cowen and Company cut Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $185.00 to $165.00 in a research report on Tuesday, September 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $159.00.
In other Huntington Ingalls Industries news, VP Christopher D. Kastner sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $165.90, for a total transaction of $331,800.00. Following the sale, the vice president now owns 39,581 shares in the company, valued at approximately $6,566,487.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jerri F. Dickseski sold 625 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $153.25, for a total value of $95,781.25. Following the sale, the vice president now owns 34,045 shares in the company, valued at approximately $5,217,396.25. The disclosure for this sale can be found here. Company insiders own 2.76% of the company’s stock.
Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.
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