Parametrica Management Ltd Acquires Shares of 1,112 Huntington Ingalls Industries Inc (HII)
Parametrica Management Ltd acquired a new position in Huntington Ingalls Industries Inc (NYSE:HII) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,112 shares of the aerospace company’s stock, valued at approximately $262,000.
Other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in Huntington Ingalls Industries in the fourth quarter worth $100,000. Howe & Rusling Inc. boosted its holdings in Huntington Ingalls Industries by 4,844.4% in the third quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 436 shares during the period. Toronto Dominion Bank boosted its holdings in Huntington Ingalls Industries by 6.8% in the second quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 36 shares during the period. CAPROCK Group Inc. acquired a new position in Huntington Ingalls Industries in the fourth quarter worth $218,000. Finally, Sigma Planning Corp acquired a new position in Huntington Ingalls Industries in the third quarter worth $214,000. 84.04% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on HII. Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price objective for the company in a report on Friday, November 10th. Cowen raised shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating in a report on Friday. Credit Suisse Group reissued a “neutral” rating and set a $241.00 price target (up previously from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Citigroup reissued a “neutral” rating and set a $233.00 price target (up previously from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Finally, ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $227.43.
Huntington Ingalls Industries Inc (HII) opened at $228.61 on Tuesday. Huntington Ingalls Industries Inc has a 1-year low of $183.42 and a 1-year high of $253.44. The stock has a market cap of $11,033.34, a price-to-earnings ratio of 20.28, a PEG ratio of 1.26 and a beta of 1.15. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.75.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. sell-side analysts expect that Huntington Ingalls Industries Inc will post 12.09 EPS for the current year.
Huntington Ingalls Industries announced that its board has authorized a stock repurchase program on Tuesday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
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Huntington Ingalls Industries Profile
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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