Cerebellum GP LLC Buys New Stake in Huntington Ingalls Industries Inc (HII)

Cerebellum GP LLC bought a new stake in Huntington Ingalls Industries Inc (NYSE:HII) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,357 shares of the aerospace company’s stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HII. Vanguard Group Inc lifted its position 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 worth $1,277,378,000 after purchasing an additional 19,861 shares in the last quarter. FMR LLC lifted its position in shares of Huntington Ingalls Industries by 5.3% during the third quarter. FMR LLC now owns 4,014,096 shares of the aerospace company’s stock worth $1,027,930,000 after purchasing an additional 200,602 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Huntington Ingalls Industries by 7.5% during the third quarter. AQR Capital Management LLC now owns 2,208,378 shares of the aerospace company’s stock worth $565,521,000 after purchasing an additional 153,989 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Huntington Ingalls Industries by 8.1% during the third quarter. Wells Fargo & Company MN now owns 865,264 shares of the aerospace company’s stock worth $221,578,000 after purchasing an additional 64,786 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its position in shares of Huntington Ingalls Industries by 32.2% during the third quarter. Artemis Investment Management LLP now owns 617,820 shares of the aerospace company’s stock worth $158,232,000 after purchasing an additional 150,552 shares in the last quarter. 85.21% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on HII. JPMorgan Chase & Co. began coverage on shares of Huntington Ingalls Industries in a research report on Monday, January 7th. They set a “neutral” rating and a $230.00 price target on the stock. Barclays reduced their price target on shares of Huntington Ingalls Industries from $280.00 to $245.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 4th. Drexel Hamilton reissued a “buy” rating and set a $265.00 price target on shares of Huntington Ingalls Industries in a research report on Wednesday, November 14th. Sanford C. Bernstein reduced their price target on shares of Huntington Ingalls Industries from $246.00 to $223.00 in a research report on Monday, November 12th. Finally, Bank of America reduced their price target on shares of Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating on the stock in a research report on Friday, November 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $252.64.

Shares of NYSE:HII opened at $194.52 on Friday. The company has a market capitalization of $8.26 billion, a P/E ratio of 16.02 and a beta of 1.11. Huntington Ingalls Industries Inc has a fifty-two week low of $173.80 and a fifty-two week high of $276.69. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.03 and a current ratio of 1.14.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, November 8th. The aerospace company reported $5.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.14 by $1.15. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Huntington Ingalls Industries had a net margin of 8.63% and a return on equity of 43.71%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.27 earnings per share. As a group, analysts predict that Huntington Ingalls Industries Inc will post 18.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were issued a $0.86 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. The ex-dividend date was Thursday, November 29th. This represents a $3.44 annualized dividend and a yield of 1.77%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 28.34%.

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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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