Aurora Investment Counsel acquired a new position in shares of Huntington Ingalls Industries Inc (NYSE:HII) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,290 shares of the aerospace company’s stock, valued at approximately $540,000.
Other institutional investors also recently made changes to their positions in the company. Howe & Rusling Inc. raised its stake in shares of Huntington Ingalls Industries by 4,844.4% during the 3rd quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 436 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Huntington Ingalls Industries by 6.8% during the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after acquiring an additional 36 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Huntington Ingalls Industries by 7.0% during the 2nd quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock worth $165,000 after acquiring an additional 58 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $214,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $226,000. Institutional investors own 83.95% of the company’s stock.
Shares of Huntington Ingalls Industries Inc (NYSE:HII) opened at $233.75 on Friday. The stock has a market capitalization of $10,630.00, a price-to-earnings ratio of 17.60, a PEG ratio of 1.28 and a beta of 1.18. Huntington Ingalls Industries Inc has a 1-year low of $183.42 and a 1-year high of $253.44. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.75.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. 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 prior year, the company earned $2.27 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 10.7% on a year-over-year basis. research analysts anticipate that Huntington Ingalls Industries Inc will post 12.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were 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 dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, November 22nd. Huntington Ingalls Industries’s dividend payout ratio is currently 21.69%.
Huntington Ingalls Industries declared that its board has approved a stock repurchase plan on Tuesday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
HII has been the topic of a number of recent analyst reports. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price objective on the stock in a report on Friday, November 10th. Cowen reaffirmed a “hold” rating and issued a $225.00 price objective on shares of Huntington Ingalls Industries in a report on Friday, October 6th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $241.00 price objective (up from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $233.00 price objective (up from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $222.57.
In other news, Director Philip M. Bilden bought 2,200 shares of the company’s stock in a transaction on Friday, November 24th. The stock was purchased at an average cost of $234.11 per share, for a total transaction of $515,042.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP D R. Wyatt sold 800 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $240.33, for a total value of $192,264.00. Following the completion of the transaction, the vice president now owns 19,065 shares of the company’s stock, valued at $4,581,891.45. The disclosure for this sale can be found here. 2.22% of the stock is owned by corporate insiders.
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.
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