Copeland Capital Management LLC Boosts Stock Position in Huntington Ingalls Industries Inc (NYSE:HII)

Copeland Capital Management LLC grew its stake in Huntington Ingalls Industries Inc (NYSE:HII) by 47.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,294 shares of the aerospace company’s stock after purchasing an additional 18,242 shares during the period. Copeland Capital Management LLC owned approximately 0.14% of Huntington Ingalls Industries worth $11,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of HII. Massachusetts Financial Services Co. MA purchased a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $99,890,000. BlackRock Inc. grew its position in shares of Huntington Ingalls Industries by 8.4% in the second quarter. BlackRock Inc. now owns 3,537,271 shares of the aerospace company’s stock valued at $794,967,000 after purchasing an additional 272,816 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Huntington Ingalls Industries by 6.2% in the second quarter. AQR Capital Management LLC now owns 1,977,854 shares of the aerospace company’s stock valued at $443,019,000 after purchasing an additional 114,894 shares in the last quarter. Eaton Vance Management grew its position in shares of Huntington Ingalls Industries by 4,548.6% in the second quarter. Eaton Vance Management now owns 114,262 shares of the aerospace company’s stock valued at $25,679,000 after purchasing an additional 111,804 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of Huntington Ingalls Industries by 485.4% in the second quarter. Nuveen Asset Management LLC now owns 110,899 shares of the aerospace company’s stock valued at $24,923,000 after purchasing an additional 91,955 shares in the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

Shares of Huntington Ingalls Industries stock opened at $251.90 on Tuesday. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 17.21 and a beta of 1.19. Huntington Ingalls Industries Inc has a fifty-two week low of $173.80 and a fifty-two week high of $254.14. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.97 and a current ratio of 1.04. The stock has a 50 day moving average of $217.91 and a 200 day moving average of $216.65.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, November 7th. The aerospace company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.11. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.20 billion. Huntington Ingalls Industries had a return on equity of 38.18% and a net margin of 7.05%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $5.29 earnings per share. Analysts forecast that Huntington Ingalls Industries Inc will post 13.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 1.64%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.86. The ex-dividend date is Wednesday, November 27th. Huntington Ingalls Industries’s dividend payout ratio is presently 18.02%.

In related news, VP Jerri F. Dickseski sold 1,874 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $205.00, for a total value of $384,170.00. Following the completion of the transaction, the vice president now directly owns 33,888 shares in the company, valued at $6,947,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.65% of the company’s stock.

A number of equities research analysts have recently issued reports on HII shares. Buckingham Research dropped their price target on Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. UBS Group upped their price target on Huntington Ingalls Industries from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday. Bank of America dropped their price target on Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. ValuEngine lowered Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Alembic Global Advisors upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus target price of $249.30.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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

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