Insight Wealth Strategies LLC boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) by 70.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,484 shares of the aerospace company’s stock after acquiring an additional 9,261 shares during the quarter. Insight Wealth Strategies LLC owned 0.06% of Huntington Ingalls Industries worth $6,272,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings 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 purchasing an additional 1,981,424 shares in the last quarter. AQR Capital Management LLC lifted its position in Huntington Ingalls Industries by 85.0% during the fourth quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock valued at $369,186,000 after purchasing an additional 498,690 shares during the last quarter. Van ECK Associates Corp lifted its position in Huntington Ingalls Industries by 32.1% during the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after purchasing an additional 400,428 shares during the last quarter. Marshall Wace LLP grew 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 buying an additional 300,740 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew 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 buying an additional 227,126 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Huntington Ingalls Industries Stock Down 0.9%
Shares of NYSE HII opened at $327.73 on Wednesday. The firm’s fifty day moving average is $292.76 and its 200 day moving average is $354.17. Huntington Ingalls Industries, Inc. has a 52 week low of $262.66 and a 52 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 company has a market cap of $12.91 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.27 and a beta of 0.24.
Huntington Ingalls Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, August 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 32.90%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Huntington Ingalls Industries in a report on Monday, August 3rd. TD Cowen reduced their target price on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Wells Fargo & Company raised their price target on Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Wolfe Research raised Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price target for the company in a research note on Friday, July 31st. Finally, Citigroup upped their price objective on Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $378.88.
Get Our Latest Stock Analysis on HII
Insider Transactions at Huntington Ingalls Industries
In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the sale, the vice president directly owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher D. Kastner sold 13,070 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $324.92, for a total value of $4,246,704.40. Following the transaction, the chief executive officer owned 11,224 shares in the company, valued at approximately $3,646,902.08. This represents a 53.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.80% of the company’s stock.
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.
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