Roman Butler Fullerton & Co. purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,522 shares of the aerospace company’s stock, valued at approximately $719,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in 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. Van ECK Associates Corp lifted its holdings in shares of Huntington Ingalls Industries by 32.1% in 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 buying an additional 400,428 shares during the period. Geode Capital Management LLC boosted its stake in 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 buying an additional 56,618 shares in the last quarter. AQR Capital Management LLC grew its holdings 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 worth $369,186,000 after acquiring an additional 498,690 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Huntington Ingalls Industries by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 978,365 shares of the aerospace company’s stock worth $332,717,000 after acquiring an additional 11,743 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.
Insider Activity at Huntington Ingalls Industries
In other news, CEO Christopher D. Kastner sold 13,070 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 11,224 shares in the company, valued at approximately $3,646,902.08. The trade was a 53.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction on 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 completion of the sale, the vice president owned 8,391 shares of the company’s stock, valued at $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.80% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Analysis on HII
Huntington Ingalls Industries Trading Up 0.1%
Shares of NYSE HII opened at $327.90 on Monday. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.25 and a beta of 0.24. The business has a 50 day simple moving average of $294.87 and a 200 day simple moving average of $352.24. Huntington Ingalls Industries, Inc. has a 52 week low of $262.66 and a 52 week high of $460.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.14 and a current ratio of 1.23.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last posted its earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping the consensus estimate of $3.79 by $1.48. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.86 earnings per share. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 18.19 earnings per share for the current fiscal year.
Huntington Ingalls Industries Announces Dividend
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. This represents a $5.52 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, August 28th. Huntington Ingalls Industries’s payout ratio is 32.90%.
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.
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