Virtu Financial LLC bought a new position in Huntington Ingalls Industries Inc (NYSE:HII) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,599 shares of the aerospace company’s stock, valued at approximately $2,027,000.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Huntington Ingalls Industries by 2.4% in the 4th quarter. BlackRock Inc. now owns 4,727,701 shares of the aerospace company’s stock valued at $1,114,317,000 after buying an additional 112,168 shares during the last quarter. Bank of Montreal Can raised its holdings in Huntington Ingalls Industries by 4.7% in the 4th quarter. Bank of Montreal Can now owns 855,162 shares of the aerospace company’s stock valued at $201,561,000 after buying an additional 38,150 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Huntington Ingalls Industries by 6.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 352,377 shares of the aerospace company’s stock valued at $79,792,000 after buying an additional 21,103 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Huntington Ingalls Industries by 31.5% in the 3rd quarter. Principal Financial Group Inc. now owns 287,477 shares of the aerospace company’s stock valued at $65,096,000 after buying an additional 68,842 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Huntington Ingalls Industries by 46.5% in the 4th quarter. First Trust Advisors LP now owns 172,644 shares of the aerospace company’s stock valued at $40,692,000 after buying an additional 54,761 shares during the last quarter. 82.05% of the stock is owned by hedge funds and other institutional investors.
Huntington Ingalls Industries Inc (NYSE:HII) opened at $265.70 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.73. Huntington Ingalls Industries Inc has a fifty-two week low of $183.42 and a fifty-two week high of $267.23. The stock has a market cap of $11,899.58, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 1.33 and a beta of 1.15.
Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.18. Huntington Ingalls Industries had a net margin of 6.44% and a return on equity of 31.01%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business earned $4.20 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. sell-side analysts forecast that Huntington Ingalls Industries Inc will post 13.35 earnings per share for the current year.
Huntington Ingalls Industries declared that its board has initiated a stock repurchase program on Tuesday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.88 annualized dividend and a yield of 1.08%. Huntington Ingalls Industries’s payout ratio is 27.56%.
In other news, Director Philip M. Bilden purchased 2,200 shares of the stock in a transaction on Friday, November 24th. The stock was purchased at an average price of $234.11 per share, for a total transaction of $515,042.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.22% of the stock is currently owned by company insiders.
A number of research analysts recently issued reports on the stock. Cowen reiterated a “buy” rating and issued a $275.00 price objective on shares of Huntington Ingalls Industries in a report on Thursday, February 15th. Bank of America set a $335.00 price objective on shares of Huntington Ingalls Industries and gave the company a “buy” rating in a report on Friday. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price objective for the company in a report on Friday, November 10th. Credit Suisse Group reiterated a “neutral” rating and issued a $241.00 price objective (up previously from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Finally, ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $261.38.
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About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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