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

Qsemble Capital Management LP purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 3rd quarter, HoldingsChannel reports. The fund purchased 976 shares of the aerospace company’s stock, valued at approximately $258,000.

Several other institutional investors have also modified their holdings of the business. Truvestments Capital LLC acquired a new position in shares of Huntington Ingalls Industries in the third quarter worth $42,000. Daiwa Securities Group Inc. lifted its position in shares of Huntington Ingalls Industries by 9.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,816 shares of the aerospace company’s stock worth $1,273,000 after purchasing an additional 423 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Huntington Ingalls Industries by 211.4% during the 3rd quarter. Larson Financial Group LLC now owns 1,283 shares of the aerospace company’s stock worth $339,000 after purchasing an additional 871 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Huntington Ingalls Industries by 193.4% during the 3rd quarter. Cerity Partners LLC now owns 10,442 shares of the aerospace company’s stock worth $2,761,000 after purchasing an additional 6,883 shares during the last quarter. Finally, Studio Investment Management LLC purchased a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth $499,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries 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 transaction, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $199.33 on Thursday. Huntington Ingalls Industries, Inc. has a 1-year low of $184.29 and a 1-year high of $299.50. The stock has a market cap of $7.80 billion, a PE ratio of 11.26, a price-to-earnings-growth 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. The firm has a fifty day moving average price of $235.67 and a 200 day moving average price of $250.84.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.70 earnings per share. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm 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 $1.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.71%. Huntington Ingalls Industries’s payout ratio is currently 29.36%.

Analyst Upgrades and Downgrades

HII has been the subject of several recent analyst reports. 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 report on Friday, November 1st. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research report on Friday, November 1st. 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 report on Thursday, October 10th. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $228.89.

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.