Cwm LLC Acquires 70 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Cwm LLC lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating) by 14.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 562 shares of the aerospace company’s stock after acquiring an additional 70 shares during the quarter. Cwm LLC’s holdings in Huntington Ingalls Industries were worth $124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. bought a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $755,000. Rosenberg Matthew Hamilton raised its holdings in Huntington Ingalls Industries by 10.5% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock valued at $116,000 after buying an additional 50 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in Huntington Ingalls Industries by 3.9% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,317 shares of the aerospace company’s stock valued at $287,000 after buying an additional 50 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Huntington Ingalls Industries by 2.0% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,522 shares of the aerospace company’s stock valued at $549,000 after buying an additional 50 shares during the last quarter. Finally, Naples Global Advisors LLC raised its holdings in Huntington Ingalls Industries by 0.9% during the 3rd quarter. Naples Global Advisors LLC now owns 6,563 shares of the aerospace company’s stock valued at $1,454,000 after buying an additional 57 shares during the last quarter. 86.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Bank of America lowered shares of Huntington Ingalls Industries from a “neutral” rating to an “underperform” rating and set a $230.00 price target for the company. in a report on Friday, November 11th. StockNews.com raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, January 10th. Barclays raised shares of Huntington Ingalls Industries from an “equal weight” rating to an “overweight” rating and set a $270.00 price objective on the stock in a research report on Thursday, December 8th. JPMorgan Chase & Co. reduced their price objective on shares of Huntington Ingalls Industries from $258.00 to $250.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 15th. Finally, TheStreet downgraded shares of Huntington Ingalls Industries from a “b” rating to a “c+” rating in a research report on Tuesday, November 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $252.40.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $223.07 on Tuesday. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 15.52 and a beta of 0.62. The firm’s 50-day moving average is $230.22 and its 200 day moving average is $229.52. Huntington Ingalls Industries, Inc. has a 1 year low of $177.20 and a 1 year high of $260.02. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.97 and a quick ratio of 0.91.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The aerospace company reported $3.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.09). The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.69 billion. Huntington Ingalls Industries had a return on equity of 19.81% and a net margin of 5.46%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.65 EPS. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.69 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 9th. Investors of record on Friday, November 25th were paid a $1.24 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.18. The ex-dividend date was Wednesday, November 23rd. This represents a $4.96 dividend on an annualized basis and a yield of 2.22%. Huntington Ingalls Industries’s payout ratio is presently 34.52%.

About Huntington Ingalls Industries

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Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants. The Newport News segment designs, builds, and maintains nuclear-powered ships which include aircraft carriers and submarines.

See Also

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

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