Chesapeake Capital Corp IL Boosts Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Chesapeake Capital Corp IL raised its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 29.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,151 shares of the aerospace company’s stock after buying an additional 259 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Huntington Ingalls Industries were worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in shares of Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after purchasing an additional 863,800 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Huntington Ingalls Industries by 41.6% during the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after purchasing an additional 215,362 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new position in shares of Huntington Ingalls Industries during the third quarter worth about $47,698,000. American Century Companies Inc. grew its holdings in shares of Huntington Ingalls Industries by 42.1% during the second quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock worth $116,706,000 after purchasing an additional 140,338 shares in the last quarter. Finally, Sound Shore Management Inc. CT boosted its stake in Huntington Ingalls Industries by 50.7% in the second quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock worth $85,104,000 after buying an additional 116,180 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.9 %

Shares of HII opened at $193.56 on Monday. The business’s 50 day moving average is $245.02 and its 200 day moving average is $253.43. The company has a market capitalization of $7.57 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 1.72 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a 12-month low of $184.29 and a 12-month high of $299.50. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.70 EPS. Research analysts expect that Huntington Ingalls Industries, Inc. will post 14.92 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $1.35 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.79%. Huntington Ingalls Industries’s payout ratio is 29.36%.

Analyst Ratings Changes

Several brokerages have issued reports on HII. Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Friday, November 1st. The Goldman Sachs Group cut their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research note on Friday, November 1st. Finally, Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus price target of $228.89.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.