Quantitative Systematic Strategies LLC acquired a new stake in Huntington Ingalls Industries Inc (NYSE:HII) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,317 shares of the aerospace company’s stock, valued at approximately $310,000.
Several other hedge funds have also recently made changes to their positions in HII. Balyasny Asset Management LLC grew its holdings in Huntington Ingalls Industries by 24.9% during the second quarter. Balyasny Asset Management LLC now owns 6,300 shares of the aerospace company’s stock worth $1,173,000 after acquiring an additional 1,255 shares during the period. HighTower Advisors LLC grew its holdings in Huntington Ingalls Industries by 50.7% during the second quarter. HighTower Advisors LLC now owns 1,881 shares of the aerospace company’s stock worth $350,000 after acquiring an additional 633 shares during the period. Macquarie Group Ltd. grew its holdings in Huntington Ingalls Industries by 1.4% during the second quarter. Macquarie Group Ltd. now owns 31,334 shares of the aerospace company’s stock worth $5,833,000 after acquiring an additional 440 shares during the period. Janus Henderson Group PLC grew its holdings in Huntington Ingalls Industries by 9,035.5% during the second quarter. Janus Henderson Group PLC now owns 321,934 shares of the aerospace company’s stock worth $59,931,000 after acquiring an additional 318,410 shares during the period. Finally, State Street Corp grew its holdings in Huntington Ingalls Industries by 0.4% during the second quarter. State Street Corp now owns 2,921,169 shares of the aerospace company’s stock worth $543,803,000 after acquiring an additional 12,014 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of Huntington Ingalls Industries Inc (NYSE:HII) opened at $225.37 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 1.38. Huntington Ingalls Industries Inc has a 1-year low of $183.42 and a 1-year high of $253.44. The company has a market capitalization of $10,628.25, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 1.17 and a beta of 1.15.
Huntington Ingalls Industries announced that its Board of Directors has approved a stock repurchase plan on Tuesday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
In other Huntington Ingalls Industries news, VP D R. Wyatt sold 800 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $240.33, for a total value of $192,264.00. Following the sale, the vice president now directly owns 19,065 shares of the company’s stock, valued at $4,581,891.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Philip M. Bilden acquired 2,200 shares of the company’s stock in a transaction on Friday, November 24th. The stock was acquired at an average cost of $234.11 per share, for a total transaction of $515,042.00. The disclosure for this purchase can be found here. 2.22% of the stock is currently owned by company insiders.
HII has been the topic of several analyst reports. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 target price on the stock in a report on Friday, November 10th. Credit Suisse Group reaffirmed a “neutral” rating and set a $241.00 target price (up from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Finally, Cowen raised Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $227.43.
ILLEGAL ACTIVITY NOTICE: This article was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.com-unik.info/2018/02/09/quantitative-systematic-strategies-llc-takes-310000-position-in-huntington-ingalls-industries-inc-hii.html.
About Huntington Ingalls Industries
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.
Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries Inc (NYSE:HII).
Receive News & Ratings for Huntington Ingalls Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries and related companies with MarketBeat.com's FREE daily email newsletter.