UBS Group AG Lowers Stock Position in Huntington Ingalls Industries, Inc. $HII

UBS Group AG reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 33.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 408,984 shares of the aerospace company’s stock after selling 204,110 shares during the period. UBS Group AG’s holdings in Huntington Ingalls Industries were worth $139,083,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HII. CYBER HORNET ETFs LLC purchased a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at about $25,000. Rakuten Securities Inc. lifted its position in shares of Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after buying an additional 63 shares in the last quarter. NBC Securities Inc. lifted its position in shares of Huntington Ingalls Industries by 87.2% during the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after buying an additional 41 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Huntington Ingalls Industries by 120.0% during the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 60 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Huntington Ingalls Industries by 363.3% during the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 109 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Chad N. Boudreaux sold 4,400 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the completion of the transaction, the vice president directly owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. This represents a 17.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric D. Chewning sold 1,700 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the transaction, the executive vice president directly owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wells Fargo & Company assumed coverage on Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 target price for the company. The Goldman Sachs Group increased their target price on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 19th. TD Cowen increased their target price on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $300.00 to $400.00 in a research report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $383.22.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $364.26 on Friday. The stock has a 50 day moving average of $404.59 and a 200 day moving average of $368.53. Huntington Ingalls Industries, Inc. has a 12 month low of $215.04 and a 12 month high of $460.00. The firm has a market cap of $14.29 billion, a PE ratio of 23.70, a PEG ratio of 1.47 and a beta of 0.36. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the company earned $3.15 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 17.3 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.