Huntington Ingalls Industries Inc (NYSE:HII) Shares Bought by FIL Ltd

FIL Ltd boosted its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 50.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,147 shares of the aerospace company’s stock after buying an additional 46,128 shares during the quarter. FIL Ltd owned approximately 0.31% of Huntington Ingalls Industries worth $35,609,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its stake in Huntington Ingalls Industries by 4.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 166,919 shares of the aerospace company’s stock valued at $39,390,000 after acquiring an additional 7,022 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Huntington Ingalls Industries by 38.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,799 shares of the aerospace company’s stock valued at $2,545,000 after acquiring an additional 2,994 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at $310,000. HL Financial Services LLC acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at $212,000. Finally, Victory Capital Management Inc. boosted its stake in Huntington Ingalls Industries by 1.2% in the fourth quarter. Victory Capital Management Inc. now owns 69,432 shares of the aerospace company’s stock valued at $16,364,000 after acquiring an additional 804 shares in the last quarter. 86.63% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Philip M. Bilden bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The shares were purchased at an average price of $215.35 per share, for a total transaction of $215,350.00. Following the completion of the transaction, the director now owns 270 shares in the company, valued at $58,144.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen R. Wilson bought 460 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The shares were purchased at an average price of $216.46 per share, for a total transaction of $99,571.60. Following the transaction, the director now owns 460 shares of the company’s stock, valued at approximately $99,571.60. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 2,460 shares of company stock valued at $535,902. Corporate insiders own 2.22% of the company’s stock.

Several brokerages have recently weighed in on HII. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. Wells Fargo & Co upgraded shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating in a research note on Friday, May 4th. Stifel Nicolaus decreased their target price on shares of Huntington Ingalls Industries from $230.00 to $200.00 and set a “sell” rating for the company in a research note on Friday, May 4th. Credit Suisse Group cut their price target on shares of Huntington Ingalls Industries from $335.00 to $328.00 and set an “outperform” rating for the company in a report on Monday, April 16th. Finally, Citigroup raised shares of Huntington Ingalls Industries from a “neutral” rating to a “buy” rating and set a $233.00 price target for the company in a report on Wednesday, May 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $265.33.

Shares of Huntington Ingalls Industries stock opened at $212.96 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.51 and a quick ratio of 1.38. Huntington Ingalls Industries Inc has a 12-month low of $183.42 and a 12-month high of $276.69. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 0.87 and a beta of 0.97.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, May 3rd. The aerospace company reported $3.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.07 by ($0.59). Huntington Ingalls Industries had a return on equity of 34.69% and a net margin of 6.80%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the business earned $2.56 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. sell-side analysts predict that Huntington Ingalls Industries Inc will post 16.2 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Stockholders of record on Friday, May 25th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, May 24th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.35%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 23.72%.

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.

Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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