Dimensional Fund Advisors LP grew its position in Huntington Ingalls Industries Inc (NYSE:HII) by 3.4% during the 4th quarter, HoldingsChannel reports. The firm owned 340,142 shares of the aerospace company’s stock after acquiring an additional 11,128 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Huntington Ingalls Industries were worth $64,731,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HII. Athena Capital Advisors LLC acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $28,000. Cypress Capital Management LLC WY acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $42,000. Bessemer Group Inc. lifted its stake in shares of Huntington Ingalls Industries by 28.1% in the 4th quarter. Bessemer Group Inc. now owns 867 shares of the aerospace company’s stock valued at $166,000 after purchasing an additional 190 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Huntington Ingalls Industries by 117.3% in the 4th quarter. Rehmann Capital Advisory Group now owns 982 shares of the aerospace company’s stock valued at $187,000 after purchasing an additional 530 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $222,000. 83.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:HII opened at $205.54 on Friday. The stock has a market cap of $8.73 billion, a P/E ratio of 10.77 and a beta of 1.15. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.07. Huntington Ingalls Industries Inc has a one year low of $173.80 and a one year high of $262.32.
Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, May 2nd. The aerospace company reported $2.85 EPS for the quarter, missing the consensus estimate of $3.27 by ($0.42). The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Huntington Ingalls Industries had a net margin of 9.52% and a return on equity of 48.34%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.48 earnings per share. On average, equities analysts forecast that Huntington Ingalls Industries Inc will post 14.65 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be issued a dividend of $0.86 per share. The ex-dividend date is Thursday, May 23rd. This represents a $3.44 annualized dividend and a dividend yield of 1.67%. Huntington Ingalls Industries’s payout ratio is currently 18.02%.
In related news, VP Christopher D. Kastner sold 3,919 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $206.49, for a total transaction of $809,234.31. Following the sale, the vice president now directly owns 46,185 shares in the company, valued at approximately $9,536,740.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Brian J. Cuccias sold 3,543 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $210.39, for a total value of $745,411.77. Following the sale, the vice president now owns 55,229 shares in the company, valued at $11,619,629.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,014 shares of company stock worth $2,702,044. Company insiders own 2.65% of the company’s stock.
Several equities analysts have recently weighed in on HII shares. Zacks Investment Research lowered Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. ValuEngine downgraded Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Huntington Ingalls Industries has an average rating of “Hold” and an average target price of $251.08.
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Huntington Ingalls Industries Company Profile
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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