CIBC Asset Management Inc Buys 414 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

CIBC Asset Management Inc raised its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,753 shares of the aerospace company’s stock after buying an additional 414 shares during the quarter. CIBC Asset Management Inc’s holdings in Huntington Ingalls Industries were worth $1,521,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HII. Rosenberg Matthew Hamilton raised its holdings in Huntington Ingalls Industries by 8.2% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock worth $139,000 after acquiring an additional 40 shares during the last quarter. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Huntington Ingalls Industries by 9.1% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock valued at $121,000 after buying an additional 41 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Huntington Ingalls Industries by 1.6% during the second quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock valued at $647,000 after buying an additional 42 shares during the last quarter. GAMMA Investing LLC raised its position in Huntington Ingalls Industries by 16.4% in the 2nd quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company’s stock worth $79,000 after buying an additional 45 shares during the last quarter. Finally, Hilltop National Bank raised its position in Huntington Ingalls Industries by 15.1% in the 2nd quarter. Hilltop National Bank now owns 359 shares of the aerospace company’s stock worth $88,000 after buying an additional 47 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HII. Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a report on Thursday, October 10th. Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Finally, Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $191.61 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.76 and a beta of 0.55. The company’s 50 day moving average is $242.21 and its two-hundred day moving average is $252.70.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.70 earnings per share. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.92 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $1.35 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.82%. Huntington Ingalls Industries’s dividend payout ratio is 29.36%.

Insider Buying and Selling

In related news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the transaction, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Profile

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.