Ontario Teachers Pension Plan Board Acquires Shares of 1,439 Huntington Ingalls Industries Inc (HII)

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Ontario Teachers Pension Plan Board acquired a new stake in Huntington Ingalls Industries Inc (NYSE:HII) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,439 shares of the aerospace company’s stock, valued at approximately $312,000.

Other hedge funds have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC lifted its position in Huntington Ingalls Industries by 16.5% during the second quarter. LS Investment Advisors LLC now owns 1,859 shares of the aerospace company’s stock valued at $403,000 after purchasing an additional 263 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Huntington Ingalls Industries by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 64,401 shares of the aerospace company’s stock valued at $13,961,000 after purchasing an additional 264 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Huntington Ingalls Industries by 4.2% during the first quarter. Nomura Asset Management Co. Ltd. now owns 6,611 shares of the aerospace company’s stock valued at $1,704,000 after purchasing an additional 267 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in Huntington Ingalls Industries by 10.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,070 shares of the aerospace company’s stock valued at $791,000 after purchasing an additional 280 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Huntington Ingalls Industries by 7.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,187 shares of the aerospace company’s stock valued at $1,337,000 after purchasing an additional 347 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Several equities research analysts have issued reports on HII shares. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating and set a $262.00 target price for the company in a research report on Friday, August 3rd. Cowen reiterated a “buy” rating and set a $260.00 target price (up from $250.00) on shares of Huntington Ingalls Industries in a research report on Friday, August 10th. UBS Group started coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, August 15th. They set a “buy” rating and a $290.00 target price for the company. Credit Suisse Group dropped their target price on shares of Huntington Ingalls Industries from $301.00 to $259.00 and set an “outperform” rating for the company in a research report on Tuesday, May 22nd. Finally, Vertical Research started coverage on shares of Huntington Ingalls Industries in a research report on Tuesday, June 26th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $267.90.

Shares of HII opened at $245.70 on Friday. The company has a market capitalization of $10.64 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 0.95 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.43 and a quick ratio of 1.31. Huntington Ingalls Industries Inc has a fifty-two week low of $201.91 and a fifty-two week high of $276.69.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, August 2nd. The aerospace company reported $5.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.21 by $1.19. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.88 billion. Huntington Ingalls Industries had a net margin of 7.84% and a return on equity of 39.78%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.21 EPS. equities research analysts expect that Huntington Ingalls Industries Inc will post 17.24 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be issued a $0.72 dividend. The ex-dividend date is Thursday, August 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.17%. Huntington Ingalls Industries’s payout ratio is 23.72%.

In other news, VP Jerri F. Dickseski sold 270 shares of the business’s stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $225.00, for a total value of $60,750.00. Following the completion of the sale, the vice president now directly owns 35,291 shares in the company, valued at approximately $7,940,475. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.22% of the company’s stock.

Huntington Ingalls Industries Profile

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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