Gerstein Fisher buys $6,173,084 stake in Huntington Ingalls Industries Inc (HII)

Huntington Ingalls Industries Inc (HII) : Gerstein Fisher scooped up 54 additional shares in Huntington Ingalls Industries Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 36,773 shares of Huntington Ingalls Industries Inc which is valued at $6,173,084.Huntington Ingalls Industries Inc makes up approximately 0.78% of Gerstein Fisher’s portfolio.

Other Hedge Funds, Including , Blair William Coil added HII to its portfolio by purchasing 1,391 company shares during the most recent quarter which is valued at $233,507. Hanseatic Management Services Inc added HII to its portfolio by purchasing 7,221 company shares during the most recent quarter which is valued at $1,227,426. Huntington Ingalls Industries Inc makes up approx 0.44% of Hanseatic Management Services Inc’s portfolio.

Huntington Ingalls Industries Inc opened for trading at $167.62 and hit $169.48 on the upside on Monday, eventually ending the session at $169.28, with a gain of 1.49% or 2.48 points. The heightened volatility saw the trading volume jump to 2,31,053 shares. Company has a market cap of $7,920 M.

On the company’s financial health, Huntington Ingalls Industries Inc reported $2.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $2.30. The company had revenue of $1700.00 million for the quarter, compared to analysts expectations of $1732.43 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.99 EPS.

Investors should note that on Jul 27, 2016, Huntington Ingalls Industries Inc announced a cash dividend of $0.5000. The company’s management has announced Aug 24, 2016 as the ex-dividend date and fixed the record date on Aug 26, 2016. The payable date has been fixed on Sep 9, 2016.

Many Wall Street Analysts have commented on Huntington Ingalls Industries Inc. Huntington Ingalls Industries Inc was Downgraded by Wells Fargo to ” Market Perform” on Aug 5, 2016. Stifel Downgraded Huntington Ingalls Industries Inc on May 24, 2016 to ” Sell”, Price Target of the shares are set at $135.

Huntington Ingalls Industries Inc. (HII) designs builds overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer builder and refueler of nuclear powered aircraft carriers the builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters for the United States Coast Guard. The Company designs and builds nuclear-powered submarines for the United States Navy and builds the Navy’s fleet of DDG51 Arleigh Burke-class destroyers. The Company operates its shipbuilding business through Huntington Ingalls Incorporated subsidiary which is organized into two segments: Ingalls Shipbuilding (Ingalls) which includes non-nuclear ship design construction repair and maintenance businesses and Newport News Shipbuilding (Newport News) which includes the nuclear ship design construction overhaul refueling and repair and maintenance businesses.

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