1,744 Shares in Huntington Ingalls Industries, Inc. $HII Acquired by Choreo LLC

Choreo LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,744 shares of the aerospace company’s stock, valued at approximately $502,000.

Several other large investors have also recently added to or reduced their stakes in HII. Mesirow Financial Investment Management Inc. increased its stake in shares of Huntington Ingalls Industries by 8.7% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 1,225 shares of the aerospace company’s stock valued at $353,000 after acquiring an additional 98 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Huntington Ingalls Industries by 0.3% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,484 shares of the aerospace company’s stock valued at $12,519,000 after purchasing an additional 116 shares during the period. Intech Investment Management LLC acquired a new position in Huntington Ingalls Industries during the third quarter worth approximately $1,150,000. Fox Run Management L.L.C. raised its stake in Huntington Ingalls Industries by 96.7% during the third quarter. Fox Run Management L.L.C. now owns 3,675 shares of the aerospace company’s stock worth $1,058,000 after purchasing an additional 1,807 shares during the period. Finally, MAI Capital Management raised its stake in Huntington Ingalls Industries by 53.1% during the third quarter. MAI Capital Management now owns 1,116 shares of the aerospace company’s stock worth $321,000 after purchasing an additional 387 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Down 3.5%

NYSE HII opened at $421.62 on Friday. The stock has a market cap of $16.54 billion, a PE ratio of 27.43, a P/E/G ratio of 1.78 and a beta of 0.32. Huntington Ingalls Industries, Inc. has a fifty-two week low of $177.42 and a fifty-two week high of $460.00. The business has a 50 day moving average price of $407.27 and a two-hundred day moving average price of $335.06. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53.

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

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $300.00 to $400.00 in a report on Thursday, February 12th. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Citigroup boosted their target price on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 target price on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Finally, Weiss Ratings raised shares of Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.38.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, EVP Eric D. Chewning sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the sale, the executive vice president directly owned 1,949 shares in the company, valued at $844,774.56. This trade represents a 46.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by corporate insiders.

About Huntington Ingalls Industries

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.