Artemis Investment Management LLP trimmed its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 43.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 344,162 shares of the aerospace company’s stock after selling 260,780 shares during the quarter. Huntington Ingalls Industries accounts for about 1.0% of Artemis Investment Management LLP’s portfolio, making the stock its 24th biggest holding. Artemis Investment Management LLP owned 0.83% of Huntington Ingalls Industries worth $72,751,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Front Row Advisors LLC lifted its stake in Huntington Ingalls Industries by 610.5% during the first quarter. Front Row Advisors LLC now owns 135 shares of the aerospace company’s stock valued at $28,000 after buying an additional 116 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in Huntington Ingalls Industries by 1,260.0% during the second quarter. Zions Bancorporation N.A. now owns 136 shares of the aerospace company’s stock valued at $31,000 after buying an additional 126 shares in the last quarter. Doyle Wealth Management purchased a new stake in Huntington Ingalls Industries during the second quarter valued at about $38,000. HM Payson & Co. purchased a new stake in Huntington Ingalls Industries during the second quarter valued at about $42,000. Finally, Meridian Wealth Management LLC purchased a new stake in Huntington Ingalls Industries during the first quarter valued at about $39,000. 86.77% of the stock is owned by institutional investors.
A number of research firms have commented on HII. ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research note on Monday, August 5th. Bank of America reduced their price objective on shares of Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Finally, Buckingham Research reduced their price objective on shares of Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $240.10.
Shares of HII traded up $2.85 during trading hours on Thursday, reaching $208.48. The company’s stock had a trading volume of 3,845 shares, compared to its average volume of 248,372. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 10.92 and a beta of 1.18. Huntington Ingalls Industries Inc has a 1-year low of $173.80 and a 1-year high of $258.56. The company has a quick ratio of 1.05, a current ratio of 1.12 and a debt-to-equity ratio of 1.15. The company has a 50 day moving average of $211.00 and a two-hundred day moving average of $215.01.
Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, August 1st. The aerospace company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.49). Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the company earned $5.40 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, analysts forecast that Huntington Ingalls Industries Inc will post 13.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.86 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $3.44 dividend on an annualized basis and a yield of 1.65%. Huntington Ingalls Industries’s dividend payout ratio is currently 18.02%.
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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