First Trust Advisors LP Has $316.25 Million Stock Position in Huntington Ingalls Industries, Inc. $HII

First Trust Advisors LP raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 832,452 shares of the aerospace company’s stock after buying an additional 19,843 shares during the quarter. First Trust Advisors LP’s holdings in Huntington Ingalls Industries were worth $316,249,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position 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 worth $675,572,000 after acquiring an additional 1,981,424 shares in the last quarter. AQR Capital Management LLC lifted its position in Huntington Ingalls Industries by 85.0% in the 4th quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock valued at $369,186,000 after acquiring an additional 498,690 shares in the last quarter. Van ECK Associates Corp lifted its position in Huntington Ingalls Industries by 32.1% in the 4th quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after acquiring an additional 400,428 shares in the last quarter. Marshall Wace LLP boosted its stake in Huntington Ingalls Industries by 588.1% in the 4th quarter. Marshall Wace LLP now owns 351,879 shares of the aerospace company’s stock worth $119,663,000 after purchasing an additional 300,740 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Huntington Ingalls Industries by 390.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 285,339 shares of the aerospace company’s stock worth $97,036,000 after purchasing an additional 227,126 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, the vice president owned 8,391 shares in the company, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup lowered their target price on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. TD Cowen reduced their price objective on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Wells Fargo & Company started coverage on Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective for the company. Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $374.00.

Get Our Latest Stock Analysis on Huntington Ingalls Industries

Huntington Ingalls Industries Stock Down 0.5%

Huntington Ingalls Industries stock opened at $268.60 on Wednesday. The company has a market cap of $10.58 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.15 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a 1-year low of $250.91 and a 1-year high of $460.00. The company has a fifty day simple moving average of $295.79 and a 200 day simple moving average of $362.90. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the business earned $3.79 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a $1.38 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Huntington Ingalls Industries Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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