Fox Run Management L.L.C. Has $1.06 Million Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Fox Run Management L.L.C. increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 96.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,675 shares of the aerospace company’s stock after purchasing an additional 1,807 shares during the quarter. Fox Run Management L.L.C.’s holdings in Huntington Ingalls Industries were worth $1,058,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HII. Geode Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock valued at $252,403,000 after purchasing an additional 16,236 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Huntington Ingalls Industries by 4.0% during the second quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock worth $160,919,000 after buying an additional 25,737 shares during the last quarter. Sei Investments Co. lifted its holdings in Huntington Ingalls Industries by 4.2% in the second quarter. Sei Investments Co. now owns 465,250 shares of the aerospace company’s stock valued at $112,337,000 after buying an additional 18,777 shares during the period. Maverick Capital Ltd. bought a new position in Huntington Ingalls Industries in the second quarter valued at approximately $93,332,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Huntington Ingalls Industries by 1.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 383,033 shares of the aerospace company’s stock worth $92,487,000 after acquiring an additional 6,670 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Down 2.6%

NYSE:HII opened at $436.20 on Thursday. Huntington Ingalls Industries, Inc. has a 1 year low of $167.70 and a 1 year high of $451.86. The stock has a 50-day moving average price of $396.13 and a two-hundred day moving average price of $328.29. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.83 and a beta of 0.34. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the firm posted $3.15 earnings per share. Huntington Ingalls Industries’s revenue was up 15.7% compared to the same quarter last year. As a group, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. Huntington Ingalls Industries’s payout ratio is presently 35.91%.

Wall Street Analyst Weigh In

HII has been the topic of a number of analyst reports. TD Cowen increased their price target on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $300.00 to $400.00 in a report on Thursday, February 12th. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Citigroup increased their price target on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.38.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.