Werlinich Asset Management LLC Raises Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Werlinich Asset Management LLC boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,110 shares of the aerospace company’s stock after acquiring an additional 535 shares during the period. Werlinich Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $586,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HII. FMR LLC lifted its stake in Huntington Ingalls Industries by 5.6% in the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after purchasing an additional 187,411 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after buying an additional 863,800 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Huntington Ingalls Industries by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock worth $268,520,000 after acquiring an additional 5,036 shares during the period. AQR Capital Management LLC increased its holdings in Huntington Ingalls Industries by 41.6% in the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after acquiring an additional 215,362 shares during the last quarter. Finally, Earnest Partners LLC lifted its holdings in Huntington Ingalls Industries by 1.9% during the second quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock valued at $157,326,000 after purchasing an additional 11,693 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Up 1.1 %

HII stock opened at $200.96 on Friday. The company’s 50 day moving average is $193.78 and its 200 day moving average is $236.00. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.71 and a beta of 0.56. 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, Inc. has a 1-year low of $184.29 and a 1-year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the company earned $3.70 EPS. Huntington Ingalls Industries’s quarterly revenue was down 2.4% on a year-over-year basis. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 14.05 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $1.35 per share. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.69%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Barclays cut their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research report on Friday, November 1st. Bank of America dropped their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Finally, 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 report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $228.89.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Profile

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.