Strs Ohio raised its holdings in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 25.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,278 shares of the aerospace company’s stock after acquiring an additional 881 shares during the quarter. Strs Ohio’s holdings in Huntington Ingalls Industries were worth $961,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Asahi Life Asset Management CO. LTD. acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth about $416,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth about $922,000. Raymond James & Associates boosted its position in shares of Huntington Ingalls Industries by 13.7% during the 1st quarter. Raymond James & Associates now owns 48,379 shares of the aerospace company’s stock worth $10,024,000 after acquiring an additional 5,838 shares in the last quarter. Stanley Laman Group Ltd. acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth about $260,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Huntington Ingalls Industries by 67.1% during the 1st quarter. JPMorgan Chase & Co. now owns 131,264 shares of the aerospace company’s stock worth $27,199,000 after acquiring an additional 52,699 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.
In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 1,874 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $228.68, for a total transaction of $428,546.32. Following the completion of the sale, the vice president now directly owns 34,033 shares of the company’s stock, valued at approximately $7,782,666.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nicolas G. Schuck sold 500 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $204.46, for a total value of $102,230.00. Following the sale, the vice president now directly owns 2,640 shares of the company’s stock, valued at $539,774.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,237 shares of company stock valued at $924,894 over the last ninety days. 2.65% of the stock is owned by insiders.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 1st. The aerospace company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.49). Huntington Ingalls Industries had a return on equity of 42.07% and a net margin of 8.04%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the business posted $5.40 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. As a group, research analysts forecast that Huntington Ingalls Industries Inc will post 14.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.86 per share. The ex-dividend date is Thursday, August 29th. This represents a $3.44 dividend on an annualized basis and a yield of 1.69%. Huntington Ingalls Industries’s payout ratio is 18.02%.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Buckingham Research decreased their target price on Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Bank of America decreased their target price on Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. ValuEngine raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average target price of $245.92.
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.
Recommended Story: Insider Trading
Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries Inc (NYSE:HII).
Receive News & Ratings for Huntington Ingalls Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries and related companies with MarketBeat.com's FREE daily email newsletter.