Fox Run Management L.L.C. Has $1.06 Million Holdings in Huntington Ingalls Industries, Inc. $HII

Fox Run Management L.L.C. boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 96.7% in the third quarter, Holdings Channel.com reports. The firm owned 3,675 shares of the aerospace company’s stock after acquiring an additional 1,807 shares during the period. Fox Run Management L.L.C.’s holdings in Huntington Ingalls Industries were worth $1,058,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HII. CYBER HORNET ETFs LLC bought a new position in shares of Huntington Ingalls Industries during the second quarter worth about $25,000. Rakuten Securities Inc. boosted its position in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 63 shares during the last quarter. SouthState Corp boosted its position in Huntington Ingalls Industries by 310.0% during the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 93 shares during the last quarter. Anchor Investment Management LLC grew its stake in shares of Huntington Ingalls Industries by 400.0% during the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 100 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Huntington Ingalls Industries by 120.0% in the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 60 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HII shares. The Goldman Sachs Group increased their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. TD Cowen increased their price objective on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Citigroup raised their price objective on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $370.38.

Huntington Ingalls Industries Stock Down 2.6%

Huntington Ingalls Industries stock opened at $436.20 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. The company’s 50-day moving average is $396.13 and its 200-day moving average is $328.29. The firm has a market capitalization of $17.12 billion, a PE ratio of 28.38, a P/E/G ratio of 1.83 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a fifty-two week low of $167.70 and a fifty-two week high of $451.86.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.Huntington Ingalls Industries’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company posted $3.15 earnings per share. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, February 27th. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Huntington Ingalls Industries Company Profile

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.