Quantitative Investment Management LLC Increases Position in Huntington Ingalls Industries, Inc. $HII

Quantitative Investment Management LLC raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 34.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,121 shares of the aerospace company’s stock after acquiring an additional 2,087 shares during the period. Quantitative Investment Management LLC’s holdings in Huntington Ingalls Industries were worth $2,272,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 40.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Huntington Ingalls Industries by 329.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock worth $88,000 after buying an additional 280 shares during the last quarter. Marshall Wace LLP raised its position in shares of Huntington Ingalls Industries by 432.1% in the 2nd quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock worth $9,210,000 after buying an additional 30,975 shares during the period. Cresset Asset Management LLC raised its position in shares of Huntington Ingalls Industries by 23.0% in the 2nd quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock worth $381,000 after buying an additional 294 shares during the period. Finally, Jump Financial LLC acquired a new position in Huntington Ingalls Industries in the second quarter valued at $398,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HII. Wolfe Research upgraded Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 target price for the company in a report on Friday, July 31st. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Sanford C. Bernstein set a $341.00 price target on shares of Huntington Ingalls Industries in a research report on Tuesday, August 25th. Wells Fargo & Company boosted their price objective on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Finally, TD Cowen dropped their price objective on shares of 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. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $368.88.

Huntington Ingalls Industries Trading Down 1.0%

Huntington Ingalls Industries stock opened at $291.31 on Tuesday. The company has a market cap of $11.48 billion, a P/E ratio of 17.36, a PEG ratio of 1.11 and a beta of 0.24. The firm’s 50-day moving average is $296.75 and its 200-day moving average is $343.67. Huntington Ingalls Industries, Inc. has a 1 year low of $263.62 and a 1 year 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) last posted its earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the business posted $3.86 EPS. Huntington Ingalls Industries’s revenue was up 10.9% on a year-over-year basis. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 32.90%.

Insider Activity at Huntington Ingalls Industries

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

About Huntington Ingalls Industries

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.