Huntington Ingalls Industries, Inc. (HII) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,778,952 shares of the aerospace company’s stock after buying an additional 124,237 shares during the period. AQR Capital Management LLC owned 3.87% of Huntington Ingalls Industries worth $356,217,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HII. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $330,000. State Board of Administration of Florida Retirement System raised its stake in shares of Huntington Ingalls Industries by 2.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 68,864 shares of the aerospace company’s stock valued at $12,684,000 after buying an additional 1,583 shares during the period. Van ECK Associates Corp bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $117,000. Tredje AP fonden bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $505,000. Finally, FMR LLC raised its stake in shares of Huntington Ingalls Industries by 8.3% in the fourth quarter. FMR LLC now owns 2,704,272 shares of the aerospace company’s stock valued at $498,100,000 after buying an additional 208,363 shares during the period. Institutional investors and hedge funds own 87.49% of the company’s stock.

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

Shares of Huntington Ingalls Industries, Inc. (HII) traded down 4.90% during trading on Friday, hitting $185.98. 946,502 shares of the company’s stock were exchanged. The stock has a market cap of $8.56 billion, a P/E ratio of 15.71 and a beta of 1.17. Huntington Ingalls Industries, Inc. has a one year low of $146.52 and a one year high of $220.68. The firm has a 50-day moving average price of $195.27 and a 200-day moving average price of $197.45.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, May 4th. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $2.72 by $0.16. Huntington Ingalls Industries had a return on equity of 29.05% and a net margin of 7.91%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the company posted $2.38 EPS. Huntington Ingalls Industries’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post $11.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 26th were given a $0.60 dividend. The ex-dividend date was Wednesday, May 24th. This represents a $2.40 annualized dividend and a dividend yield of 1.29%. Huntington Ingalls Industries’s payout ratio is presently 20.29%.

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Several analysts have commented on HII shares. Stifel Nicolaus raised their price objective on shares of Huntington Ingalls Industries from $135.00 to $150.00 and gave the stock a “sell” rating in a report on Friday, February 17th. Barclays PLC restated a “sell” rating and issued a $187.00 price objective on shares of Huntington Ingalls Industries in a report on Sunday, February 19th. Credit Suisse Group restated a “hold” rating and issued a $203.00 price objective on shares of Huntington Ingalls Industries in a report on Monday, February 20th. Citigroup Inc. lowered shares of Huntington Ingalls Industries from a “buy” rating to a “neutral” rating and set a $220.00 price objective for the company. in a report on Wednesday, March 1st. Finally, Cowen and Company restated a “hold” rating and issued a $210.00 price objective on shares of Huntington Ingalls Industries in a report on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average price target of $196.71.

In other news, VP Brian J. Cuccias sold 4,137 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $207.49, for a total value of $858,386.13. Following the completion of the sale, the vice president now owns 48,819 shares of the company’s stock, valued at approximately $10,129,454.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael Stephen Smith sold 142 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $200.00, for a total transaction of $28,400.00. Following the completion of the sale, the vice president now directly owns 2,272 shares of the company’s stock, valued at approximately $454,400. The disclosure for this sale can be found here. Insiders sold a total of 17,794 shares of company stock valued at $3,453,750 in the last ninety days. Corporate insiders own 2.22% of the company’s stock.

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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