Man Group plc Takes $3.74 Million Position in Huntington Ingalls Industries, Inc. $HII

Man Group plc purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,367 shares of the aerospace company’s stock, valued at approximately $3,741,000.

Other institutional investors have also recently made changes to their positions in the company. Personal CFO Solutions LLC grew its position in Huntington Ingalls Industries by 3.7% in the first quarter. Personal CFO Solutions LLC now owns 775 shares of the aerospace company’s stock worth $294,000 after acquiring an additional 28 shares during the period. Intrust Bank NA raised its position in Huntington Ingalls Industries by 4.5% in the fourth quarter. Intrust Bank NA now owns 821 shares of the aerospace company’s stock valued at $279,000 after purchasing an additional 35 shares during the period. Whittier Trust Co. lifted its stake in shares of Huntington Ingalls Industries by 2.5% in the 1st quarter. Whittier Trust Co. now owns 1,532 shares of the aerospace company’s stock valued at $625,000 after purchasing an additional 38 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of Huntington Ingalls Industries by 1.9% in the 4th quarter. Ballentine Partners LLC now owns 2,098 shares of the aerospace company’s stock valued at $713,000 after purchasing an additional 40 shares during the last quarter. Finally, New York Life Investment Management LLC grew its holdings in shares of Huntington Ingalls Industries by 0.8% during the 4th quarter. New York Life Investment Management LLC now owns 5,307 shares of the aerospace company’s stock worth $1,805,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, CEO Christopher D. Kastner sold 13,070 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the completion of the transaction, the chief executive officer directly owned 11,224 shares of the company’s stock, valued at $3,646,902.08. The trade was a 53.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HII. Wells Fargo & Company raised their price objective on Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Citigroup upped their target price on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings cut shares of Huntington Ingalls Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Sanford C. Bernstein set a $341.00 price objective on shares of Huntington Ingalls Industries in a report on Tuesday, August 25th. Finally, Wall Street Zen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $368.88.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $294.09 on Monday. The company has a market cap of $11.59 billion, a P/E ratio of 17.53, a PEG ratio of 1.11 and a beta of 0.24. Huntington Ingalls Industries, Inc. has a fifty-two week low of $263.62 and a fifty-two week high of $460.00. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average price is $296.49 and its 200 day moving average price is $344.43.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, beating the consensus estimate of $3.79 by $1.48. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the company posted $3.86 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $1.38 dividend. The ex-dividend date is Friday, August 28th. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 32.90%.

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.