BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 12.8% in the second quarter, Holdings Channel.com reports. The fund owned 7,501 shares of the aerospace company’s stock after purchasing an additional 853 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Huntington Ingalls Industries were worth $1,581,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in Huntington Ingalls Industries by 27.1% in the first quarter. BlackRock Inc. now owns 4,391,163 shares of the aerospace company’s stock worth $903,920,000 after purchasing an additional 935,704 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Huntington Ingalls Industries by 5.9% in the 1st quarter. Franklin Resources Inc. now owns 1,380,311 shares of the aerospace company’s stock worth $284,138,000 after buying an additional 76,764 shares in the last quarter. Factorial Partners LLC lifted its position in shares of Huntington Ingalls Industries by 26,406.7% during the 1st quarter. Factorial Partners LLC now owns 967,495 shares of the aerospace company’s stock worth $4,700,000 after buying an additional 963,845 shares during the period. Geode Capital Management LLC boosted its stake in Huntington Ingalls Industries by 3.7% in the 1st quarter. Geode Capital Management LLC now owns 734,999 shares of the aerospace company’s stock valued at $150,925,000 after buying an additional 26,186 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Huntington Ingalls Industries by 9.8% in the first quarter. AQR Capital Management LLC now owns 611,325 shares of the aerospace company’s stock valued at $125,841,000 after acquiring an additional 54,476 shares during the period. Institutional investors and hedge funds own 85.72% of the company’s stock.
In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 125 shares of the stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $208.00, for a total transaction of $26,000.00. Following the sale, the vice president now owns 29,408 shares of the company’s stock, valued at approximately $6,116,864. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Chad N. Boudreaux sold 999 shares of the company’s stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $200.49, for a total transaction of $200,289.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,249 shares of company stock worth $252,290. 2.54% of the stock is owned by corporate insiders.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, August 5th. The aerospace company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.71. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.17 billion. Huntington Ingalls Industries had a net margin of 7.81% and a return on equity of 34.50%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $1.30 EPS. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.44 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Friday, August 27th were issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Thursday, August 26th. Huntington Ingalls Industries’s payout ratio is currently 45.60%.
Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants. The Newport News segment designs, builds, and maintains nuclear-powered ships which include aircraft carriers and submarines.
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