CenterBook Partners LP Increases Stock Holdings in Huntington Ingalls Industries, Inc. $HII

CenterBook Partners LP raised its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 140.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,615 shares of the aerospace company’s stock after purchasing an additional 2,696 shares during the quarter. CenterBook Partners LP’s holdings in Huntington Ingalls Industries were worth $1,329,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new position in shares of Huntington Ingalls Industries during the second quarter valued at about $25,000. Rakuten Securities Inc. grew its holdings in shares of Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 63 shares during the period. SouthState Corp raised its position in shares of Huntington Ingalls Industries by 310.0% in the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 93 shares in the last quarter. Anchor Investment Management LLC lifted its stake in shares of Huntington Ingalls Industries by 400.0% in the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 100 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of Huntington Ingalls Industries by 120.0% during the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 787 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total value of $247,251.79. Following the completion of the transaction, the vice president owned 20,441 shares in the company, valued at $6,421,948.97. The trade was a 3.71% 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 Stock Performance

Shares of HII stock opened at $437.63 on Friday. The company has a market capitalization of $17.17 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 1.81 and a beta of 0.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. Huntington Ingalls Industries, Inc. has a one year low of $167.70 and a one year high of $447.74. The company’s 50-day moving average is $389.25 and its 200 day moving average is $324.26.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.72 by $0.32. The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The business’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.15 earnings per share. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Wall Street Analyst Weigh In

HII has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Thursday, January 22nd. Sanford C. Bernstein restated a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Finally, TD Cowen lifted their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, October 31st. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and a consensus price target of $370.38.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.