Quantitative Systematic Strategies LLC Takes $310,000 Position in Huntington Ingalls Industries Inc (HII)

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 (NYSE:HII) last issued its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $3.27 EPS for the quarter, beating the consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the company earned $2.27 earnings per share. Huntington Ingalls Industries’s quarterly revenue was up 10.7% compared to the same quarter last year. equities research analysts anticipate that Huntington Ingalls Industries Inc will post 12.09 EPS for the current year.

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.

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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.

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

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