3,460 Shares in Huntington Ingalls Industries, Inc. (HII) Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,460 shares of the aerospace company’s stock, valued at approximately $783,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFC Holdings Incorporated FL raised its position in shares of Huntington Ingalls Industries by 11.0% in the third quarter. IFC Holdings Incorporated FL now owns 6,211 shares of the aerospace company’s stock valued at $1,401,000 after buying an additional 615 shares in the last quarter. Pictet Asset Management Ltd. raised its position in shares of Huntington Ingalls Industries by 6.3% in the third quarter. Pictet Asset Management Ltd. now owns 15,300 shares of the aerospace company’s stock valued at $3,465,000 after buying an additional 900 shares in the last quarter. Regentatlantic Capital LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $227,000. New Jersey Better Educational Savings Trust acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $543,000. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Huntington Ingalls Industries by 86.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 140,000 shares of the aerospace company’s stock valued at $31,701,000 after buying an additional 65,000 shares in the last quarter. Institutional investors own 84.65% of the company’s stock.

Huntington Ingalls Industries, Inc. (NYSE:HII) opened at $239.18 on Tuesday. Huntington Ingalls Industries, Inc. has a 1 year low of $170.15 and a 1 year high of $253.44. The company has a market cap of $10,892.58, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.34 and a beta of 1.19. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.38 and a current ratio of 1.52.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $3.27 EPS for the quarter, beating the consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $2.27 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 11.99 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be given a dividend of $0.72 per share. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. This represents a $2.88 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, November 22nd. Huntington Ingalls Industries’s payout ratio is currently 18.13%.

Huntington Ingalls Industries declared that its Board of Directors has initiated a stock repurchase program on Tuesday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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A number of equities research analysts have recently weighed in on HII shares. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price target for the company in a research report on Friday. Deutsche Bank AG reiterated a “buy” rating and issued a $240.00 price target (up from $230.00) on shares of Huntington Ingalls Industries in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Cowen and Company reiterated a “hold” rating and issued a $225.00 price target on shares of Huntington Ingalls Industries in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus target price of $222.57.

Huntington Ingalls Industries Company Profile

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.

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

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