Stevens Capital Management LP Acquires 7,842 Shares of Huntington Ingalls Industries Inc (HII)

Stevens Capital Management LP increased its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 325.5% during the first quarter, HoldingsChannel.com reports. The fund owned 10,251 shares of the aerospace company’s stock after buying an additional 7,842 shares during the period. Stevens Capital Management LP’s holdings in Huntington Ingalls Industries were worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of Huntington Ingalls Industries by 6.7% during the third quarter. Legal & General Group Plc now owns 224,493 shares of the aerospace company’s stock valued at $57,482,000 after purchasing an additional 14,150 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Huntington Ingalls Industries by 0.4% during the third quarter. Vanguard Group Inc now owns 4,988,200 shares of the aerospace company’s stock valued at $1,277,378,000 after purchasing an additional 19,861 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of Huntington Ingalls Industries by 4.1% during the fourth quarter. Retirement Systems of Alabama now owns 45,994 shares of the aerospace company’s stock valued at $8,753,000 after purchasing an additional 1,796 shares in the last quarter. Sit Investment Associates Inc. increased its stake in shares of Huntington Ingalls Industries by 11.5% during the fourth quarter. Sit Investment Associates Inc. now owns 1,115 shares of the aerospace company’s stock valued at $212,000 after purchasing an additional 115 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Huntington Ingalls Industries by 2.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,662 shares of the aerospace company’s stock valued at $887,000 after purchasing an additional 125 shares in the last quarter. 84.95% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Thomas B. Fargo sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $220.57, for a total value of $154,399.00. Following the sale, the director now owns 648 shares in the company, valued at $142,929.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP D R. Wyatt sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $220.72, for a total transaction of $242,792.00. Following the completion of the sale, the vice president now owns 19,070 shares in the company, valued at approximately $4,209,130.40. The disclosure for this sale can be found here. Insiders sold 12,451 shares of company stock worth $2,602,287 in the last 90 days. 2.65% of the stock is currently owned by corporate insiders.

Shares of HII traded down $4.43 on Monday, hitting $204.11. 3,081 shares of the stock traded hands, compared to its average volume of 314,881. The company has a market capitalization of $8.66 billion, a P/E ratio of 10.67 and a beta of 1.15. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.07. Huntington Ingalls Industries Inc has a one year low of $173.80 and a one year high of $262.32.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.27 by ($0.42). Huntington Ingalls Industries had a net margin of 9.52% and a return on equity of 48.34%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business earned $3.48 EPS. Huntington Ingalls Industries’s revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts expect that Huntington Ingalls Industries Inc will post 14.67 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, May 23rd. Huntington Ingalls Industries’s dividend payout ratio is currently 18.02%.

A number of equities analysts have weighed in on HII shares. Cowen reaffirmed a “buy” rating and set a $260.00 target price on shares of Huntington Ingalls Industries in a research note on Monday, January 14th. Citigroup reduced their price target on shares of Huntington Ingalls Industries from $260.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Tuesday, January 15th. Barclays downgraded shares of Huntington Ingalls Industries from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $245.00 to $215.00 in a research report on Wednesday, January 23rd. Finally, ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $251.69.

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About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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

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