SeaTown Holdings Pte. Ltd. Makes New $8.14 Million Investment in Huntington Ingalls Industries Inc (NYSE:HII)
SeaTown Holdings Pte. Ltd. purchased a new stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 36,221 shares of the aerospace company’s stock, valued at approximately $8,140,000. Huntington Ingalls Industries comprises approximately 1.5% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 23rd biggest holding. SeaTown Holdings Pte. Ltd. owned approximately 0.09% of Huntington Ingalls Industries as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Asahi Life Asset Management CO. LTD. purchased a new stake in Huntington Ingalls Industries during the 1st quarter worth approximately $416,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Huntington Ingalls Industries during the 1st quarter valued at approximately $922,000. Raymond James & Associates boosted its position in Huntington Ingalls Industries by 13.7% during the 1st quarter. Raymond James & Associates now owns 48,379 shares of the aerospace company’s stock valued at $10,024,000 after purchasing an additional 5,838 shares during the period. Stanley Laman Group Ltd. acquired a new position in Huntington Ingalls Industries during the 1st quarter valued at approximately $260,000. Finally, JPMorgan Chase & Co. boosted its position in Huntington Ingalls Industries by 67.1% during the 1st quarter. JPMorgan Chase & Co. now owns 131,264 shares of the aerospace company’s stock valued at $27,199,000 after purchasing an additional 52,699 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.
HII has been the subject of a number of analyst reports. Alembic Global Advisors upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research report on Monday, August 5th. Buckingham Research reduced their price target on Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. ValuEngine upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Zacks Investment Research upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Finally, Bank of America reduced their price target on Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $245.92.
Shares of Huntington Ingalls Industries stock traded down $0.23 during trading on Tuesday, hitting $203.68. The stock had a trading volume of 12,415 shares, compared to its average volume of 347,828. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.05 and a current ratio of 1.12. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 10.66 and a beta of 1.18. The firm’s fifty day simple moving average is $224.93. Huntington Ingalls Industries Inc has a fifty-two week low of $173.80 and a fifty-two week high of $262.32.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, August 1st. The aerospace company reported $3.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.49). The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.13 billion. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $5.40 EPS. On average, analysts predict that Huntington Ingalls Industries Inc will post 14.1 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, August 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 18.02%.
About Huntington Ingalls Industries
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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