Huntington Ingalls Industries, Inc. $HII Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 589.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,144 shares of the aerospace company’s stock after buying an additional 15,514 shares during the period. Engineers Gate Manager LP’s holdings in Huntington Ingalls Industries were worth $5,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in Huntington Ingalls Industries in the second quarter valued at approximately $25,000. Rakuten Securities Inc. increased its stake in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 63 shares during the last quarter. Bayban purchased a new stake in Huntington Ingalls Industries in the first quarter valued at $27,000. Smartleaf Asset Management LLC raised its position in Huntington Ingalls Industries by 363.3% in the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 109 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of recent analyst reports. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Sanford C. Bernstein set a $341.00 price target on shares of Huntington Ingalls Industries in a research note on Tuesday, August 25th. TD Cowen lowered 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. Citigroup lifted their target price on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Wells Fargo & Company boosted their target price 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. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $368.88.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CEO Christopher Kastner sold 13,070 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 11,224 shares of the company’s stock, valued at $3,646,902.08. This trade represents a 53.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $279.36 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14. The company has a market cap of $11.01 billion, a P/E ratio of 16.65, a P/E/G ratio of 1.06 and a beta of 0.23. The stock has a 50-day moving average of $297.38 and a two-hundred day moving average of $335.75. Huntington Ingalls Industries, Inc. has a 1-year low of $263.62 and a 1-year high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the company earned $3.86 earnings per share. The business’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were issued a dividend of $1.38 per share. The ex-dividend date was Friday, August 28th. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio is 32.90%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company focused on designing, building, modernizing and maintaining military ships and providing technology services to government customers. It is the largest military shipbuilding company in the United States and one of the few companies capable of designing and constructing nuclear-powered aircraft carriers and submarines.

HII operates through three primary businesses: Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies.