Mitsubishi UFJ Asset Management UK Ltd. Purchases New Position in Huntington Ingalls Industries, Inc. $HII

Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,500 shares of the aerospace company’s stock, valued at approximately $1,190,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Huntington Ingalls Industries by 38,526.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock valued at $675,572,000 after purchasing an additional 1,981,424 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Huntington Ingalls Industries by 5.9% in the third quarter. Dimensional Fund Advisors LP now owns 966,622 shares of the aerospace company’s stock valued at $278,272,000 after buying an additional 54,139 shares during the last quarter. Earnest Partners LLC lifted its stake in Huntington Ingalls Industries by 0.7% in the third quarter. Earnest Partners LLC now owns 901,140 shares of the aerospace company’s stock valued at $259,447,000 after buying an additional 6,046 shares during the last quarter. First Trust Advisors LP lifted its stake in Huntington Ingalls Industries by 12.9% in the third quarter. First Trust Advisors LP now owns 670,268 shares of the aerospace company’s stock valued at $192,977,000 after buying an additional 76,512 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Huntington Ingalls Industries by 4.0% in the second quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock valued at $160,919,000 after buying an additional 25,737 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HII has been the subject of a number of research reports. Citigroup reduced their price objective on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research note on Monday. Wells Fargo & Company initiated coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price objective for the company. Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. TD Cowen reduced their price objective on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Finally, Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $388.50.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $324.51 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. The stock has a fifty day moving average price of $379.56 and a 200 day moving average price of $372.35. Huntington Ingalls Industries, Inc. has a 1-year low of $215.04 and a 1-year high of $460.00. The company has a market cap of $12.79 billion, a PE ratio of 21.11, a P/E/G ratio of 1.40 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the company earned $3.79 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 17.29 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 4,400 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the transaction, the vice president owned 20,360 shares in the company, valued at approximately $8,601,082. This represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Eric D. Chewning sold 1,700 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the completion of the transaction, the executive vice president owned 1,949 shares of the company’s stock, valued at $844,774.56. The trade was a 46.59% decrease in their position. The SEC filing for this sale provides additional information. 0.80% of the stock is owned by company insiders.

Huntington Ingalls Industries 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.