Tudor Investment Corp ET AL Raises Position in Huntington Ingalls Industries, Inc. (HII)

Tudor Investment Corp ET AL increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 40.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,062 shares of the aerospace company’s stock after buying an additional 1,162 shares during the period. Tudor Investment Corp ET AL’s holdings in Huntington Ingalls Industries were worth $813,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its stake in Huntington Ingalls Industries by 12.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,491 shares of the aerospace company’s stock valued at $273,000 after buying an additional 160 shares in the last quarter. Norges Bank bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at about $87,417,000. Israel Discount Bank of New York GFN bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at about $106,000. UBS Asset Management Americas Inc. raised its stake in Huntington Ingalls Industries by 40.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 83,813 shares of the aerospace company’s stock valued at $15,438,000 after buying an additional 24,209 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Huntington Ingalls Industries by 1.6% in the fourth quarter. Teachers Advisors LLC now owns 136,697 shares of the aerospace company’s stock valued at $25,178,000 after buying an additional 2,205 shares in the last quarter. 86.16% of the stock is owned by institutional investors and hedge funds.

Shares of Huntington Ingalls Industries, Inc. (HII) traded up 1.39% during trading on Friday, hitting $205.65. The stock had a trading volume of 219,535 shares. The firm has a market cap of $9.46 billion, a P/E ratio of 17.37 and a beta of 1.16. The firm has a 50 day moving average price of $194.07 and a 200 day moving average price of $199.47. Huntington Ingalls Industries, Inc. has a 12-month low of $146.52 and a 12-month high of $220.68.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, May 4th. The aerospace company reported $2.56 EPS for the quarter, missing the Zacks’ consensus estimate of $2.72 by $0.16. Huntington Ingalls Industries had a net margin of 7.91% and a return on equity of 29.05%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business earned $2.38 earnings per share. Huntington Ingalls Industries’s revenue was down 2.2% on a year-over-year basis. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post $11.14 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, August 23rd. Huntington Ingalls Industries’s payout ratio is 20.29%.

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Several analysts have issued reports on HII shares. Cowen and Company reissued a “hold” rating and set a $210.00 price target on shares of Huntington Ingalls Industries in a report on Thursday, May 4th. Credit Suisse Group cut their price target on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a report on Friday, May 5th. Zacks Investment Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 8th. Finally, BidaskClub raised Huntington Ingalls Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $199.00.

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 850 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $197.60, for a total value of $167,960.00. Following the transaction, the vice president now directly owns 20,740 shares of the company’s stock, valued at approximately $4,098,224. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher D. Kastner sold 12,665 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $189.42, for a total transaction of $2,399,004.30. Following the completion of the transaction, the vice president now directly owns 39,581 shares in the company, valued at $7,497,433.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,429 shares of company stock worth $3,329,592. 2.22% of the stock is currently owned by insiders.

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.

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

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