Caisse DE Depot ET Placement DU Quebec increased its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 30.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,800 shares of the aerospace company’s stock after acquiring an additional 2,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Huntington Ingalls Industries were worth $2,310,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue raised its position in shares of Huntington Ingalls Industries by 308.7% in the fourth quarter. State of Alaska Department of Revenue now owns 8,420 shares of the aerospace company’s stock worth $1,982,000 after buying an additional 6,360 shares in the last quarter. Legal & General Group Plc raised its position in shares of Huntington Ingalls Industries by 5.8% in the third quarter. Legal & General Group Plc now owns 93,672 shares of the aerospace company’s stock worth $21,208,000 after buying an additional 5,162 shares in the last quarter. Arizona State Retirement System raised its position in shares of Huntington Ingalls Industries by 19.0% in the fourth quarter. Arizona State Retirement System now owns 43,781 shares of the aerospace company’s stock worth $10,319,000 after buying an additional 6,996 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Huntington Ingalls Industries by 0.6% in the third quarter. Asset Management One Co. Ltd. now owns 72,495 shares of the aerospace company’s stock worth $16,404,000 after buying an additional 439 shares in the last quarter. Finally, IFM Investors Pty Ltd purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth $332,000. Institutional investors own 84.16% of the company’s stock.

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In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 2,616 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $267.50, for a total transaction of $699,780.00. Following the sale, the vice president now owns 3,809 shares in the company, valued at $1,018,907.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William R. Ermatinger sold 1,689 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $259.34, for a total value of $438,025.26. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 6,800 shares of company stock worth $1,794,184 and have sold 12,979 shares worth $3,381,250. Company insiders own 2.22% of the company’s stock.

Shares of Huntington Ingalls Industries Inc (NYSE HII) opened at $258.67 on Wednesday. Huntington Ingalls Industries Inc has a 12-month low of $183.42 and a 12-month high of $276.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.45 and a current ratio of 1.58. The firm has a market capitalization of $11,450.00, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.01 and a beta of 1.01.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.93 by $0.18. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $4.20 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. equities research analysts forecast that Huntington Ingalls Industries Inc will post 17.38 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.88 dividend on an annualized basis and a yield of 1.11%. Huntington Ingalls Industries’s payout ratio is 24.64%.

A number of brokerages recently issued reports on HII. Sanford C. Bernstein reiterated a “market perform” rating and issued a $271.00 price objective (up previously from $242.00) on shares of Huntington Ingalls Industries in a research report on Tuesday, February 20th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. Stifel Nicolaus reiterated a “sell” rating and issued a $230.00 price objective on shares of Huntington Ingalls Industries in a research report on Friday, February 16th. Bank of America set a $335.00 price objective on Huntington Ingalls Industries and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Credit Suisse Group upgraded Huntington Ingalls Industries from a “neutral” rating to an “outperform” rating and set a $241.00 price objective on the stock in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $261.38.

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

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