Qsemble Capital Management LP Makes New Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Qsemble Capital Management LP purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 976 shares of the aerospace company’s stock, valued at approximately $258,000.

Other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth about $26,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth about $29,000. Family Firm Inc. purchased a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth about $35,000. Rothschild Investment LLC purchased a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth about $37,000. Finally, ORG Partners LLC boosted its stake in shares of Huntington Ingalls Industries by 484.6% during the 2nd quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 126 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HII has been the topic of a number of research reports. Vertical Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research note on Thursday, October 10th. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, Bank of America decreased their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. Two equities research 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, the company has a consensus rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Stock Up 0.7 %

Shares of NYSE HII opened at $199.33 on Thursday. The company has a 50 day simple moving average of $235.67 and a 200-day simple moving average of $250.84. The company has a market capitalization of $7.80 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.85 and a beta of 0.55. 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 1 year low of $184.29 and a 1 year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share 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 last year, the business posted $3.70 EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 14.63 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.36%.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction 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. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Company Profile

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.