Global Retirement Partners LLC Acquires Shares of 2,868 Huntington Ingalls Industries, Inc. $HII

Global Retirement Partners LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, Holdings Channel.com reports. The fund bought 2,868 shares of the aerospace company’s stock, valued at approximately $803,000.

A number of other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in Huntington Ingalls Industries in the second quarter valued at $75,094,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Huntington Ingalls Industries during the second quarter worth about $583,000. GSA Capital Partners LLP bought a new position in Huntington Ingalls Industries during the 2nd quarter valued at $2,011,000. Avalon Trust Co acquired a new position in Huntington Ingalls Industries in the second quarter worth about $307,000. Finally, USA Financial Formulas bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $542,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on HII shares. Citigroup lifted their price target 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. Wells Fargo & Company increased 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. Weiss Ratings restated a “hold (c+)” rating on shares of Huntington Ingalls Industries in a research note on Monday, August 3rd. TD Cowen lowered their target price on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a report on Monday, July 13th. Finally, Wolfe Research upgraded Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price target on the stock in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $378.88.

Huntington Ingalls Industries Stock Down 0.0%

Shares of Huntington Ingalls Industries stock opened at $318.25 on Wednesday. Huntington Ingalls Industries, Inc. has a 12-month low of $262.66 and a 12-month high of $460.00. The firm has a market capitalization of $12.54 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.25 and a beta of 0.24. 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 stock’s fifty day moving average is $295.82 and its 200-day moving average is $350.75.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 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 company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the firm earned $3.86 earnings per share. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 18.19 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.7%. 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 other Huntington Ingalls Industries news, CEO Christopher D. Kastner sold 13,070 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 11,224 shares in the company, valued at $3,646,902.08. The trade was a 53.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 company’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 completion of the transaction, the vice president directly owned 8,391 shares in the company, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.80% of the company’s stock.

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.