O Domhnaill Enterprises Inc. Invests $1.03 Million in Huntington Ingalls Industries, Inc. $HII

O Domhnaill Enterprises Inc. acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,705 shares of the aerospace company’s stock, valued at approximately $1,028,000.

Several other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Huntington Ingalls Industries by 38,526.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock valued at $675,572,000 after purchasing an additional 1,981,424 shares during the period. AQR Capital Management LLC lifted its position in shares of Huntington Ingalls Industries by 85.0% during the fourth quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock worth $369,186,000 after acquiring an additional 498,690 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Huntington Ingalls Industries by 32.1% during the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock worth $560,004,000 after acquiring an additional 400,428 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Huntington Ingalls Industries by 588.1% in the fourth quarter. Marshall Wace LLP now owns 351,879 shares of the aerospace company’s stock worth $119,663,000 after acquiring an additional 300,740 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Huntington Ingalls Industries by 390.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 285,339 shares of the aerospace company’s stock worth $97,036,000 after acquiring an additional 227,126 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Trading Down 1.6%

NYSE:HII traded down $4.71 during trading hours on Tuesday, hitting $289.39. The company had a trading volume of 53,981 shares, compared to its average volume of 544,497. The stock has a 50-day moving average price of $309.03 and a 200 day moving average price of $367.91. The company has a market capitalization of $11.40 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 1.23 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. Huntington Ingalls Industries, Inc. has a 52 week low of $246.34 and a 52 week high of $460.00.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the firm posted $3.79 earnings per share. Huntington Ingalls Industries’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $1.38 per share. The ex-dividend date was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. Huntington Ingalls Industries’s payout ratio is presently 35.91%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HII shares. Weiss Ratings lowered Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wells Fargo & Company assumed coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 target price for the company. TD Cowen reduced their target price on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Citigroup decreased their price target on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Finally, Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $381.50.

Read Our Latest Analysis on Huntington Ingalls Industries

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the sale, the vice president directly owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Company Profile

(Free Report)

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.

Further Reading

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

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