Geode Capital Management LLC decreased its position in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 475,057 shares of the aerospace company’s stock after selling 20,331 shares during the quarter. Geode Capital Management LLC’s holdings in Huntington Ingalls Industries were worth $111,919,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of HII. Pictet Asset Management Ltd. grew its stake in shares of Huntington Ingalls Industries by 6.3% during the 3rd quarter. Pictet Asset Management Ltd. now owns 15,300 shares of the aerospace company’s stock worth $3,465,000 after acquiring an additional 900 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth $783,000. Stevens Capital Management LP grew its stake in shares of Huntington Ingalls Industries by 124.6% during the 3rd quarter. Stevens Capital Management LP now owns 6,869 shares of the aerospace company’s stock worth $1,555,000 after acquiring an additional 3,811 shares during the period. State of Wisconsin Investment Board grew its stake in shares of Huntington Ingalls Industries by 120.7% during the 3rd quarter. State of Wisconsin Investment Board now owns 90,318 shares of the aerospace company’s stock worth $20,452,000 after acquiring an additional 49,394 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Huntington Ingalls Industries by 19.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,550 shares of the aerospace company’s stock worth $351,000 after acquiring an additional 250 shares during the period. Institutional investors own 84.19% of the company’s stock.
In other Huntington Ingalls Industries news, Director Philip M. Bilden purchased 1,000 shares of the stock in a transaction on Monday, March 5th. The shares were purchased at an average price of $254.50 per share, with a total value of $254,500.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP William R. Ermatinger sold 1,689 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $259.34, for a total value of $438,025.26. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 6,800 shares of company stock worth $1,794,184 and sold 12,979 shares worth $3,381,250. Company insiders own 2.22% of the company’s stock.
Huntington Ingalls Industries Inc (NYSE HII) opened at $264.03 on Friday. Huntington Ingalls Industries Inc has a 12 month low of $183.42 and a 12 month high of $276.69. The company has a quick ratio of 1.45, a current ratio of 1.58 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $11,824.85, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.01 and a beta of 1.01.
Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 15th. The aerospace company reported $3.11 EPS for the quarter, topping the consensus estimate of $2.93 by $0.18. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $4.20 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. equities analysts expect that Huntington Ingalls Industries Inc will post 17.38 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a $0.72 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.88 annualized dividend and a dividend yield of 1.09%. Huntington Ingalls Industries’s payout ratio is currently 27.56%.
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Huntington Ingalls Industries Company Profile
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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