LSV Asset Management Boosts Stake in Huntington Ingalls Industries Inc (HII)
LSV Asset Management raised its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 425.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,545,657 shares of the aerospace company’s stock after purchasing an additional 1,251,220 shares during the quarter. LSV Asset Management owned 3.60% of Huntington Ingalls Industries worth $294,153,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of HII. FMR LLC lifted its stake in shares of Huntington Ingalls Industries by 18.5% during the 2nd quarter. FMR LLC now owns 3,813,494 shares of the aerospace company’s stock worth $826,727,000 after purchasing an additional 595,334 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Huntington Ingalls Industries by 5.6% in the second quarter. Advisors Asset Management Inc. now owns 15,093 shares of the aerospace company’s stock valued at $3,272,000 after buying an additional 804 shares during the last quarter. Schroder Investment Management Group raised its stake in Huntington Ingalls Industries by 5,517.5% in the second quarter. Schroder Investment Management Group now owns 89,880 shares of the aerospace company’s stock valued at $19,396,000 after buying an additional 88,280 shares during the last quarter. Scout Investments Inc. raised its stake in Huntington Ingalls Industries by 117.9% in the third quarter. Scout Investments Inc. now owns 126,068 shares of the aerospace company’s stock valued at $32,283,000 after buying an additional 68,205 shares during the last quarter. Finally, First Hawaiian Bank purchased a new stake in Huntington Ingalls Industries in the third quarter valued at about $1,466,000. Institutional investors own 91.68% of the company’s stock.
HII has been the subject of a number of research analyst reports. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. ValuEngine upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Bank of America decreased their price target on Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating for the company in a research note on Friday, November 9th. Sanford C. Bernstein decreased their price target on Huntington Ingalls Industries from $246.00 to $223.00 in a research note on Monday, November 12th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $265.00 price target on shares of Huntington Ingalls Industries in a research note on Wednesday, November 14th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $248.00.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, November 8th. The aerospace company reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.14 by $1.15. Huntington Ingalls Industries had a return on equity of 43.71% and a net margin of 8.63%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the business posted $3.27 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, equities analysts predict that Huntington Ingalls Industries Inc will post 18.84 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 22nd will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, February 21st. Huntington Ingalls Industries’s payout ratio is 28.34%.
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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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