Caprock Group LLC Takes Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Caprock Group LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,046 shares of the aerospace company’s stock, valued at approximately $277,000.

Other large investors have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC increased its holdings in Huntington Ingalls Industries by 11.9% in the 3rd quarter. Pathstone Holdings LLC now owns 9,849 shares of the aerospace company’s stock valued at $2,604,000 after purchasing an additional 1,044 shares during the last quarter. Chesapeake Capital Corp IL boosted its stake in shares of Huntington Ingalls Industries by 29.0% in the third quarter. Chesapeake Capital Corp IL now owns 1,151 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 259 shares during the period. Natixis Advisors LLC increased its stake in Huntington Ingalls Industries by 82.4% during the 3rd quarter. Natixis Advisors LLC now owns 71,481 shares of the aerospace company’s stock worth $18,898,000 after buying an additional 32,302 shares during the period. CIBC Asset Management Inc raised its stake in shares of Huntington Ingalls Industries by 7.8% in the third quarter. CIBC Asset Management Inc now owns 5,753 shares of the aerospace company’s stock valued at $1,521,000 after acquiring an additional 414 shares in the last quarter. Finally, ICICI Prudential Asset Management Co Ltd raised its position in Huntington Ingalls Industries by 83.6% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 35,584 shares of the aerospace company’s stock valued at $9,408,000 after purchasing an additional 16,200 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 1.9 %

Shares of NYSE HII opened at $198.95 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The firm’s 50-day moving average is $238.34 and its two-hundred day moving average is $251.59. Huntington Ingalls Industries, Inc. has a 12-month low of $184.29 and a 12-month high of $299.50. The company has a market capitalization of $7.78 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.81 and a beta of 0.55.

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 analysts’ consensus estimates of $3.84 by ($1.28). The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $3.70 earnings per share. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s payout ratio is currently 29.36%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HII. Barclays decreased 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. StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Bank of America decreased their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and an average target price of $228.89.

Insider Activity at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Company 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.