Fort L.P. purchased a new stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 457 shares of the aerospace company’s stock, valued at approximately $87,000.

Other hedge funds have also made changes to their positions in the company. Athena Capital Advisors LLC bought a new stake in Huntington Ingalls Industries during the 4th quarter valued at $28,000. Cypress Capital Management LLC WY bought a new stake in Huntington Ingalls Industries during the 4th quarter valued at $42,000. Belpointe Asset Management LLC bought a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $152,000. Bessemer Group Inc. increased its stake in Huntington Ingalls Industries by 28.1% during the 4th quarter. Bessemer Group Inc. now owns 867 shares of the aerospace company’s stock valued at $166,000 after purchasing an additional 190 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in Huntington Ingalls Industries by 117.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 982 shares of the aerospace company’s stock valued at $187,000 after purchasing an additional 530 shares in the last quarter. Institutional investors and hedge funds own 85.90% of the company’s stock.

Shares of NYSE:HII opened at $204.41 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $8.49 billion, a P/E ratio of 10.71 and a beta of 1.14. Huntington Ingalls Industries Inc has a fifty-two week low of $173.80 and a fifty-two week high of $267.73.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 14th. The aerospace company reported $4.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.45 by $0.49. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.08 billion. Huntington Ingalls Industries had a net margin of 10.23% and a return on equity of 49.48%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.11 EPS. On average, analysts expect that Huntington Ingalls Industries Inc will post 15.05 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 22nd were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, February 21st. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 18.02%.

A number of brokerages have commented on HII. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Monday, March 11th. ValuEngine lowered shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Barclays lowered shares of Huntington Ingalls Industries from an “overweight” rating to an “underweight” rating and decreased their price target for the company from $245.00 to $215.00 in a research note on Wednesday, January 23rd. Citigroup cut their price objective on shares of Huntington Ingalls Industries from $260.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, January 14th. Finally, Cowen reaffirmed a “buy” rating and set a $260.00 price objective on shares of Huntington Ingalls Industries in a report on Monday, January 14th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $248.00.

In related news, VP Christopher D. Kastner sold 3,919 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $206.49, for a total value of $809,234.31. Following the transaction, the vice president now directly owns 46,185 shares of the company’s stock, valued at approximately $9,536,740.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP D R. Wyatt sold 1,100 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $220.72, for a total transaction of $242,792.00. Following the completion of the transaction, the vice president now directly owns 19,070 shares in the company, valued at $4,209,130.40. The disclosure for this sale can be found here. Insiders sold a total of 11,909 shares of company stock worth $2,480,337 over the last three months. 2.32% of the stock is owned by insiders.

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Huntington Ingalls Industries 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.

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

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