Ardevora Asset Management LLP Has $38.18 Million Stake in Huntington Ingalls Industries, Inc. (HII)

Ardevora Asset Management LLP trimmed its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 168,600 shares of the aerospace company’s stock after selling 14,200 shares during the period. Huntington Ingalls Industries makes up about 1.1% of Ardevora Asset Management LLP’s investment portfolio, making the stock its 20th biggest position. Ardevora Asset Management LLP owned 0.37% of Huntington Ingalls Industries worth $38,178,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HII. Koch Industries Inc. lifted its holdings in shares of Huntington Ingalls Industries by 30,333.4% during the 2nd quarter. Koch Industries Inc. now owns 357,288 shares of the aerospace company’s stock worth $355,000 after acquiring an additional 356,114 shares during the period. Janus Henderson Group PLC increased its position in shares of Huntington Ingalls Industries by 9,035.5% during the 2nd quarter. Janus Henderson Group PLC now owns 321,934 shares of the aerospace company’s stock worth $59,931,000 after purchasing an additional 318,410 shares in the last quarter. Discovery Capital Management LLC CT increased its position in shares of Huntington Ingalls Industries by 82.4% during the 2nd quarter. Discovery Capital Management LLC CT now owns 576,347 shares of the aerospace company’s stock worth $107,293,000 after purchasing an additional 260,408 shares in the last quarter. BlackRock Inc. increased its position in shares of Huntington Ingalls Industries by 2.7% during the 2nd quarter. BlackRock Inc. now owns 4,572,209 shares of the aerospace company’s stock worth $851,165,000 after purchasing an additional 120,171 shares in the last quarter. Finally, FMR LLC increased its position in shares of Huntington Ingalls Industries by 4.1% during the 2nd quarter. FMR LLC now owns 2,881,190 shares of the aerospace company’s stock worth $536,363,000 after purchasing an additional 114,098 shares in the last quarter. 84.65% of the stock is owned by institutional investors.

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A number of brokerages recently issued reports on HII. Credit Suisse Group reiterated a “neutral” rating and set a $241.00 target price (up previously from $211.00) on shares of Huntington Ingalls Industries in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 target price for the company in a research report on Friday. Citigroup Inc. reiterated a “neutral” rating and set a $233.00 target price (up previously from $224.00) on shares of Huntington Ingalls Industries in a research report on Monday, October 9th. Cowen and Company reiterated a “hold” rating and set a $225.00 target price on shares of Huntington Ingalls Industries in a research report on Friday, October 6th. Finally, ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus target price of $222.57.

Huntington Ingalls Industries, Inc. (NYSE:HII) traded down $1.48 on Tuesday, reaching $239.18. 194,100 shares of the company’s stock traded hands, compared to its average volume of 336,479. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.75. The firm has a market cap of $10,892.58, a PE ratio of 20.02, a PEG ratio of 1.34 and a beta of 1.19. Huntington Ingalls Industries, Inc. has a 52-week low of $170.15 and a 52-week high of $253.44.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.49. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.27 EPS. sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 11.99 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, November 22nd. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 18.13%.

Huntington Ingalls Industries announced that its board has authorized a stock repurchase plan on Tuesday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.

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

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