Jefferies Group LLC raised its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 96.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,920 shares of the aerospace company’s stock after purchasing an additional 4,387 shares during the period. Jefferies Group LLC’s holdings in Huntington Ingalls Industries were worth $2,102,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Dorsey Wright & Associates acquired a new position in Huntington Ingalls Industries during the fourth quarter valued at approximately $533,000. Ironvine Capital Partners LLC bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $2,434,000. Quantitative Investment Management LLC bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $2,828,000. Koch Industries Inc. boosted its position in shares of Huntington Ingalls Industries by 174.9% in the fourth quarter. Koch Industries Inc. now owns 3,758 shares of the aerospace company’s stock valued at $886,000 after acquiring an additional 2,391 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Huntington Ingalls Industries by 30.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,800 shares of the aerospace company’s stock valued at $2,310,000 after acquiring an additional 2,300 shares during the period. Institutional investors own 84.16% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Cowen reissued a “buy” rating and issued a $275.00 price objective on shares of Huntington Ingalls Industries in a research report on Thursday, February 15th. Bank of America set a $335.00 price objective on Huntington Ingalls Industries and gave the company a “buy” rating in a research report on Friday, February 16th. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $271.00 price objective (up from $242.00) on shares of Huntington Ingalls Industries in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $261.38.
Huntington Ingalls Industries Inc (NYSE:HII) opened at $258.16 on Tuesday. The company has a market capitalization of $11,824.79, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.01 and a beta of 1.01. Huntington Ingalls Industries Inc has a 12-month low of $183.42 and a 12-month high of $276.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.58 and a quick ratio of 1.45.
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. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. Huntington Ingalls Industries’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $4.20 earnings per share. analysts predict that Huntington Ingalls Industries Inc will post 17.38 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a $0.72 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.88 annualized dividend and a yield of 1.12%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 27.56%.
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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