Intech Investment Management LLC Invests $1.15 Million in Huntington Ingalls Industries, Inc. $HII

Intech Investment Management LLC purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 3,996 shares of the aerospace company’s stock, valued at approximately $1,150,000.

Other hedge funds have also bought and sold shares of the company. Evergreen Capital Management LLC increased its stake in Huntington Ingalls Industries by 3.9% in the third quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock valued at $291,000 after purchasing an additional 38 shares in the last quarter. 1834 Investment Advisors Co. boosted its position in shares of Huntington Ingalls Industries by 1.6% during the 3rd quarter. 1834 Investment Advisors Co. now owns 2,535 shares of the aerospace company’s stock worth $730,000 after purchasing an additional 39 shares in the last quarter. O Keefe Stevens Advisory Inc. boosted its position in shares of Huntington Ingalls Industries by 0.7% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 5,758 shares of the aerospace company’s stock worth $1,658,000 after purchasing an additional 40 shares in the last quarter. Resona Asset Management Co. Ltd. grew its stake in shares of Huntington Ingalls Industries by 10.1% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 438 shares of the aerospace company’s stock valued at $122,000 after buying an additional 40 shares during the period. Finally, Spire Wealth Management increased its position in Huntington Ingalls Industries by 12.6% in the 3rd quarter. Spire Wealth Management now owns 367 shares of the aerospace company’s stock valued at $106,000 after buying an additional 41 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Transactions at Huntington Ingalls Industries

In related news, 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 sale, the executive vice president directly owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. This represents a 46.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $430.37 on Friday. The stock has a market cap of $16.89 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.75 and a beta of 0.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. Huntington Ingalls Industries, Inc. has a fifty-two week low of $177.42 and a fifty-two week high of $460.00. The firm’s 50-day simple moving average is $408.85 and its 200 day simple moving average is $336.69.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. The firm had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.15 EPS. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.3%. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HII. The Goldman Sachs Group upped their price target on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Sanford C. Bernstein reissued a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. TD Cowen increased their target price on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Friday. Finally, Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $384.13.

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.