Martingale Asset Management L P Buys 10,419 Shares of Huntington Ingalls Industries, Inc. $HII

Martingale Asset Management L P raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 29.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 45,782 shares of the aerospace company’s stock after acquiring an additional 10,419 shares during the period. Martingale Asset Management L P’s holdings in Huntington Ingalls Industries were worth $15,569,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HII. Geneos Wealth Management Inc. lifted its position in shares of Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 59 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Huntington Ingalls Industries by 329.4% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 280 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Huntington Ingalls Industries by 432.1% in the second quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock worth $9,210,000 after purchasing an additional 30,975 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of Huntington Ingalls Industries by 23.0% in the second quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 294 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Huntington Ingalls Industries in the second quarter worth $398,000. Institutional investors own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the transaction, the vice president directly owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HII. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. TD Cowen lowered their target price on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Citigroup lowered their target price on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 target price on the stock. Finally, Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $388.50.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $297.42 on Friday. The firm’s fifty day moving average price is $343.49 and its two-hundred day moving average price is $370.95. The company has a market cap of $11.72 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.27 and a beta of 0.23. Huntington Ingalls Industries, Inc. has a one year low of $226.75 and a one year high of $460.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the firm earned $3.79 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

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.