BNP Paribas Arbitrage SA decreased its stake in Huntington Ingalls Industries Inc. (NYSE:HII) by 10.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,668 shares of the company’s stock after selling 3,044 shares during the period. BNP Paribas Arbitrage SA’s holdings in Huntington Ingalls Industries were worth $3,938,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Herndon Capital Management LLC raised its position in Huntington Ingalls Industries by 6.7% in the second quarter. Herndon Capital Management LLC now owns 830 shares of the company’s stock valued at $139,000 after buying an additional 52 shares in the last quarter. Tompkins Financial Corp raised its position in Huntington Ingalls Industries by 569.0% in the second quarter. Tompkins Financial Corp now owns 970 shares of the company’s stock valued at $163,000 after buying an additional 825 shares in the last quarter. LS Investment Advisors LLC purchased a new position in Huntington Ingalls Industries during the second quarter valued at approximately $193,000. IFP Advisors Inc raised its position in Huntington Ingalls Industries by 4.1% in the second quarter. IFP Advisors Inc now owns 1,174 shares of the company’s stock valued at $197,000 after buying an additional 46 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in Huntington Ingalls Industries during the second quarter valued at approximately $202,000. Institutional investors and hedge funds own 90.15% of the company’s stock.
Huntington Ingalls Industries Inc. (NYSE:HII) traded down 0.43% during mid-day trading on Monday, reaching $180.02. The company’s stock had a trading volume of 521,072 shares. The stock has a market capitalization of $8.35 billion, a P/E ratio of 20.04 and a beta of 1.15. The stock’s 50 day moving average price is $162.82 and its 200 day moving average price is $162.69. Huntington Ingalls Industries Inc. has a 1-year low of $118.20 and a 1-year high of $181.15.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $2.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.40 by $0.13. The business earned $1.68 billion during the quarter, compared to analyst estimates of $1.68 billion. Huntington Ingalls Industries had a net margin of 6.04% and a return on equity of 29.26%. The company’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 earnings per share. Analysts expect that Huntington Ingalls Industries Inc. will post $10.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 25th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, November 22nd. Huntington Ingalls Industries’s dividend payout ratio is presently 26.67%.
Several research firms have recently commented on HII. Zacks Investment Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Wells Fargo & Co. reiterated a “hold” rating on shares of Huntington Ingalls Industries in a report on Monday, November 14th. Citigroup Inc. lifted their target price on Huntington Ingalls Industries from $180.00 to $191.00 and gave the company a “buy” rating in a report on Tuesday, September 6th. Finally, Cowen and Company lowered Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $185.00 to $165.00 in a report on Tuesday, September 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus target price of $159.00.
In other news, VP Jerri F. Dickseski sold 625 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $153.25, for a total transaction of $95,781.25. Following the completion of the sale, the vice president now directly owns 34,045 shares in the company, valued at approximately $5,217,396.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher D. Kastner sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $165.90, for a total value of $331,800.00. Following the sale, the vice president now owns 39,581 shares of the company’s stock, valued at $6,566,487.90. The disclosure for this sale can be found here. Insiders own 2.76% of the company’s stock.
Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.