Chesapeake Capital Corp IL Has $303,000 Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Chesapeake Capital Corp IL increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 29.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,151 shares of the aerospace company’s stock after buying an additional 259 shares during the period. Chesapeake Capital Corp IL’s holdings in Huntington Ingalls Industries were worth $303,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HII. Empowered Funds LLC bought a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth $318,000. O Shaughnessy Asset Management LLC boosted its holdings in Huntington Ingalls Industries by 90.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,917 shares of the aerospace company’s stock valued at $3,182,000 after purchasing an additional 5,170 shares during the period. UniSuper Management Pty Ltd boosted its holdings in Huntington Ingalls Industries by 533.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 3,606 shares of the aerospace company’s stock valued at $1,051,000 after purchasing an additional 3,037 shares during the period. Bessemer Group Inc. boosted its holdings in Huntington Ingalls Industries by 372.5% in the 1st quarter. Bessemer Group Inc. now owns 7,144 shares of the aerospace company’s stock valued at $2,082,000 after purchasing an additional 5,632 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Huntington Ingalls Industries by 594.3% in the 1st quarter. National Bank of Canada FI now owns 64,334 shares of the aerospace company’s stock valued at $18,751,000 after purchasing an additional 55,068 shares during the period. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on HII shares. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a research note on Thursday, October 10th. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research note on Friday, November 1st. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus target price of $228.89.

Insiders Place Their Bets

In related news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.9 %

Huntington Ingalls Industries stock opened at $193.56 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The company’s 50 day simple moving average is $245.02 and its 200 day simple moving average is $253.43. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 1.72 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm earned $3.70 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.92 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.79%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 29.36%.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.