Huntington Ingalls Industries, Inc. $HII Stock Holdings Lessened by Amitell Capital Pte Ltd

Amitell Capital Pte Ltd lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 55.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,839 shares of the aerospace company’s stock after selling 11,006 shares during the period. Huntington Ingalls Industries accounts for approximately 1.6% of Amitell Capital Pte Ltd’s holdings, making the stock its 24th biggest position. Amitell Capital Pte Ltd’s holdings in Huntington Ingalls Industries were worth $2,545,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Huntington Ingalls Industries by 0.3% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,484 shares of the aerospace company’s stock worth $12,519,000 after purchasing an additional 116 shares during the period. Intech Investment Management LLC acquired a new stake in Huntington Ingalls Industries in the 3rd quarter valued at approximately $1,150,000. Fox Run Management L.L.C. boosted its position in Huntington Ingalls Industries by 96.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 3,675 shares of the aerospace company’s stock worth $1,058,000 after acquiring an additional 1,807 shares during the period. MAI Capital Management raised its stake in shares of Huntington Ingalls Industries by 53.1% during the third quarter. MAI Capital Management now owns 1,116 shares of the aerospace company’s stock valued at $321,000 after purchasing an additional 387 shares in the last quarter. Finally, Optiver Holding B.V. acquired a new stake in Huntington Ingalls Industries in the third quarter worth about $641,000. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HII. TD Cowen raised their price objective on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Sanford C. Bernstein reissued a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Citigroup increased their price objective on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. The Goldman Sachs Group raised their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Moderate Buy” and an average price target of $370.38.

Huntington Ingalls Industries Trading Down 2.6%

Shares of HII opened at $436.20 on Thursday. The stock has a 50 day simple moving average of $396.13 and a 200-day simple moving average of $328.29. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Huntington Ingalls Industries, Inc. has a 1 year low of $167.70 and a 1 year high of $451.86. The stock has a market cap of $17.12 billion, a PE ratio of 28.38, a PEG ratio of 1.83 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.72 by $0.32. The firm had revenue of $3.48 billion during 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 firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $3.15 EPS. On average, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business 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 $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

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.