Fox Run Management L.L.C. boosted its holdings in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 484.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,842 shares of the aerospace company’s stock after acquiring an additional 4,842 shares during the quarter. Huntington Ingalls Industries accounts for 0.4% of Fox Run Management L.L.C.’s portfolio, making the stock its 18th biggest holding. Fox Run Management L.L.C.’s holdings in Huntington Ingalls Industries were worth $1,377,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Charter Trust Co. boosted its holdings in Huntington Ingalls Industries by 14.8% during the 4th quarter. Charter Trust Co. now owns 3,412 shares of the aerospace company’s stock valued at $804,000 after acquiring an additional 439 shares during the period. CAPROCK Group Inc. purchased a new position in Huntington Ingalls Industries during the 4th quarter valued at $218,000. Schwab Charles Investment Management Inc. boosted its holdings in Huntington Ingalls Industries by 4.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 166,919 shares of the aerospace company’s stock valued at $39,390,000 after acquiring an additional 7,022 shares during the period. Gateway Investment Advisers LLC boosted its holdings in Huntington Ingalls Industries by 37.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 68,585 shares of the aerospace company’s stock valued at $16,165,000 after acquiring an additional 18,775 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Huntington Ingalls Industries by 4.7% during the 4th quarter. Bank of Montreal Can now owns 855,162 shares of the aerospace company’s stock valued at $201,561,000 after acquiring an additional 38,150 shares during the period. Institutional investors own 84.00% of the company’s stock.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price objective for the company in a report on Friday, November 10th. Credit Suisse Group restated a “neutral” rating and set a $241.00 price objective (up previously from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Citigroup restated a “neutral” rating and set a $233.00 price objective (up previously from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Cowen restated a “hold” rating and set a $225.00 price objective on shares of Huntington Ingalls Industries in a report on Friday, October 6th. Finally, ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $220.29.
Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the business earned $2.27 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. analysts forecast that Huntington Ingalls Industries Inc will post 12.09 EPS for the current fiscal year.
Huntington Ingalls Industries declared that its board has approved a stock buyback program on Tuesday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
In other news, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 19,065 shares of the company’s stock, valued at approximately $4,581,891.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Philip M. Bilden purchased 2,200 shares of Huntington Ingalls Industries stock in a transaction dated Friday, November 24th. The stock was bought at an average cost of $234.11 per share, with a total value of $515,042.00. The disclosure for this purchase can be found here. 2.22% of the stock is currently owned by corporate 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.
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