Havemeyer Place LP Takes $1.20 Million Position in Huntington Ingalls Industries, Inc. $HII

Havemeyer Place LP acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, HoldingsChannel reports. The fund acquired 3,520 shares of the aerospace company’s stock, valued at approximately $1,197,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Huntington Ingalls Industries by 38,526.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock valued at $675,572,000 after acquiring an additional 1,981,424 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Huntington Ingalls Industries by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 1,116,501 shares of the aerospace company’s stock valued at $379,098,000 after acquiring an additional 56,618 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Huntington Ingalls Industries by 5.9% during the third quarter. Dimensional Fund Advisors LP now owns 966,622 shares of the aerospace company’s stock valued at $278,272,000 after acquiring an additional 54,139 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Huntington Ingalls Industries by 0.7% during the third quarter. Earnest Partners LLC now owns 901,140 shares of the aerospace company’s stock valued at $259,447,000 after acquiring an additional 6,046 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Huntington Ingalls Industries by 12.9% during the third quarter. First Trust Advisors LP now owns 670,268 shares of the aerospace company’s stock valued at $192,977,000 after acquiring an additional 76,512 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the transaction, the vice president owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $292.97 on Monday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $215.04 and a fifty-two week high of $460.00. The company has a 50 day simple moving average of $352.10 and a two-hundred day simple moving average of $371.79. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.24 and a beta of 0.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the firm earned $3.79 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts expect that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders 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 dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup decreased their price target on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Sanford C. Bernstein reissued a “market perform” rating and issued a $421.00 price target on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, TD Cowen decreased their price target on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $388.50.

Huntington Ingalls Industries Company 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.