Highland Capital Management LLC purchased a new stake in Huntington Ingalls Industries Inc. (NYSE:HII) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,278 shares of the company’s stock, valued at approximately $1,577,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HII. Barclays PLC raised its stake in shares of Huntington Ingalls Industries by 138.2% in the first quarter. Barclays PLC now owns 9,760 shares of the company’s stock valued at $1,327,000 after buying an additional 5,662 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Huntington Ingalls Industries by 3.0% in the first quarter. Arizona State Retirement System now owns 24,099 shares of the company’s stock valued at $3,300,000 after buying an additional 700 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Huntington Ingalls Industries by 215.5% in the first quarter. Squarepoint Ops LLC now owns 13,933 shares of the company’s stock valued at $1,908,000 after buying an additional 9,517 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Huntington Ingalls Industries by 75.5% in the second quarter. BNP Paribas Arbitrage SA now owns 28,712 shares of the company’s stock valued at $4,824,000 after buying an additional 12,351 shares in the last quarter. Finally, Hollencrest Securities LLC bought a new stake in shares of Huntington Ingalls Industries during the second quarter valued at approximately $242,000. Institutional investors and hedge funds own 90.15% of the company’s stock.

Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

Shares of Huntington Ingalls Industries Inc. (NYSE:HII) traded up 0.29% during trading on Tuesday, reaching $180.55. 461,860 shares of the company traded hands. Huntington Ingalls Industries Inc. has a 52 week low of $118.20 and a 52 week high of $181.68. The company’s 50-day moving average price is $163.53 and its 200-day moving average price is $162.99. The company has a market capitalization of $8.37 billion, a P/E ratio of 20.10 and a beta of 1.15.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $2.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by $0.13. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Huntington Ingalls Industries had a net margin of 6.04% and a return on equity of 29.26%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.98 EPS. Equities research analysts forecast that Huntington Ingalls Industries Inc. will post $10.39 EPS for the current fiscal year.

The business also recently declared 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%. The ex-dividend date of this dividend is Tuesday, November 22nd. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.50. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 26.67%.

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Several analysts have commented on HII shares. Citigroup Inc. lifted their price objective on shares of Huntington Ingalls Industries from $180.00 to $191.00 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Zacks Investment Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Huntington Ingalls Industries in a research report on Monday, November 14th. Finally, Cowen and Company lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $185.00 to $165.00 in a research report on Tuesday, September 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $159.00.

In other news, VP Jerri F. Dickseski sold 625 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $153.25, for a total transaction of $95,781.25. Following the sale, the vice president now owns 34,045 shares of the company’s stock, valued at approximately $5,217,396.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher D. Kastner sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $165.90, for a total transaction of $331,800.00. Following the sale, the vice president now directly owns 39,581 shares in the company, valued at approximately $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.

5 Day Chart for NYSE:HII

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