Jackson Creek Investment Advisors LLC purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 6,317 shares of the aerospace company’s stock, valued at approximately $2,148,000. Huntington Ingalls Industries comprises approximately 0.6% of Jackson Creek Investment Advisors LLC’s investment portfolio, making the stock its 22nd biggest position.
Several other hedge funds also recently added to or reduced their stakes in the business. Themes Management Co LLC acquired a new position in Huntington Ingalls Industries during the 4th quarter valued at about $386,000. Summitry LLC increased its position in Huntington Ingalls Industries by 34.7% during the 4th quarter. Summitry LLC now owns 1,049 shares of the aerospace company’s stock valued at $357,000 after buying an additional 270 shares in the last quarter. Clearstead Advisors LLC increased its position in Huntington Ingalls Industries by 19.2% during the 4th quarter. Clearstead Advisors LLC now owns 2,220 shares of the aerospace company’s stock valued at $755,000 after buying an additional 357 shares in the last quarter. Catalyst Funds Management Pty Ltd increased its position in Huntington Ingalls Industries by 14.3% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 800 shares of the aerospace company’s stock valued at $272,000 after buying an additional 100 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in Huntington Ingalls Industries during the 4th quarter valued at about $308,000. 90.46% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, VP Chad N. Boudreaux sold 4,400 shares of Huntington Ingalls Industries stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the sale, the vice president owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. This trade represents a 17.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric D. Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the sale, the executive vice president directly owned 1,949 shares in the company, valued at $844,774.56. This represents a 46.59% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.80% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on HII
Huntington Ingalls Industries Stock Down 0.1%
Shares of HII opened at $320.20 on Wednesday. Huntington Ingalls Industries, Inc. has a 52 week low of $215.04 and a 52 week high of $460.00. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 1.36 and a beta of 0.29. The stock’s 50-day moving average price is $369.77 and its 200-day moving average price is $372.50.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last issued its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the business earned $3.79 earnings per share. The company’s revenue was up 13.4% compared to the same quarter last year. On average, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 17.29 EPS for the current year.
Huntington Ingalls Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid a $1.38 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.
Huntington Ingalls Industries Profile
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.
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