Boston Partners boosted its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 498,408 shares of the aerospace company’s stock after acquiring an additional 14,416 shares during the quarter. Boston Partners’ holdings in Huntington Ingalls Industries were worth $94,852,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Cypress Capital Management LLC WY purchased a new position in Huntington Ingalls Industries during the fourth quarter valued at approximately $42,000. Ayalon Holdings Ltd. purchased a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $110,000. Welch Group LLC purchased a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $110,000. NN Investment Partners Holdings N.V. purchased a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $117,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $152,000. Institutional investors own 86.64% of the company’s stock.
Shares of HII opened at $220.83 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.95 and a quick ratio of 0.88. Huntington Ingalls Industries Inc has a one year low of $173.80 and a one year high of $276.69. The company has a market cap of $9.05 billion, a P/E ratio of 11.41 and a beta of 1.16.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 14th. The aerospace company reported $4.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.45 by $0.49. Huntington Ingalls Industries had a return on equity of 49.48% and a net margin of 10.23%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the business earned $3.11 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities analysts predict that Huntington Ingalls Industries Inc will post 16.31 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 22nd will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, February 21st. Huntington Ingalls Industries’s payout ratio is 18.02%.
HII has been the subject of a number of recent analyst reports. Bank of America cut their price objective on Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating for the company in a research report on Friday, November 9th. Sanford C. Bernstein cut their price objective on Huntington Ingalls Industries from $246.00 to $223.00 in a research report on Monday, November 12th. Drexel Hamilton restated a “buy” rating and issued a $265.00 price objective on shares of Huntington Ingalls Industries in a research report on Wednesday, November 14th. Barclays cut their price objective on Huntington Ingalls Industries from $280.00 to $245.00 and set an “overweight” rating for the company in a research report on Tuesday, December 4th. Finally, JPMorgan Chase & Co. initiated coverage on Huntington Ingalls Industries in a research report on Monday, January 7th. They issued a “neutral” rating and a $230.00 price objective for the company. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus target price of $248.00.
About Huntington Ingalls Industries
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.
Featured Article: What are the Benefits of Index Funds?
Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries Inc (NYSE:HII).
Receive News & Ratings for Huntington Ingalls Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries and related companies with MarketBeat.com's FREE daily email newsletter.