NEOS Investment Management LLC Takes Position in Huntington Ingalls Industries, Inc. $HII

NEOS Investment Management LLC purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,041 shares of the aerospace company’s stock, valued at approximately $588,000.

A number of other hedge funds have also bought and sold shares of the business. Korea Investment CORP purchased a new position in Huntington Ingalls Industries in the second quarter worth $1,604,000. Primoris Wealth Advisors LLC purchased a new stake in Huntington Ingalls Industries during the third quarter valued at about $2,260,000. CWA Asset Management Group LLC lifted its stake in Huntington Ingalls Industries by 51.2% during the third quarter. CWA Asset Management Group LLC now owns 24,746 shares of the aerospace company’s stock worth $7,125,000 after purchasing an additional 8,384 shares during the last quarter. Markel Group Inc. boosted its holdings in shares of Huntington Ingalls Industries by 13.9% in the 2nd quarter. Markel Group Inc. now owns 20,500 shares of the aerospace company’s stock worth $4,950,000 after purchasing an additional 2,500 shares in the last quarter. Finally, SS&H Financial Advisors Inc. boosted its holdings in shares of Huntington Ingalls Industries by 76.7% in the 3rd quarter. SS&H Financial Advisors Inc. now owns 8,120 shares of the aerospace company’s stock worth $2,338,000 after purchasing an additional 3,525 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 787 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total transaction of $247,251.79. Following the sale, the vice president directly owned 20,441 shares of the company’s stock, valued at approximately $6,421,948.97. The trade was a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HII. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Bank of America raised shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $300.00 to $400.00 in a research note on Thursday, February 12th. Sanford C. Bernstein restated a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Finally, TD Cowen increased their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Moderate Buy” and an average target price of $370.38.

Huntington Ingalls Industries Trading Down 1.2%

NYSE:HII opened at $437.63 on Friday. The firm has a market capitalization of $17.17 billion, a P/E ratio of 28.47, a P/E/G ratio of 1.78 and a beta of 0.34. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $389.25 and a 200 day moving average of $324.63. Huntington Ingalls Industries, Inc. has a 52 week low of $167.70 and a 52 week high of $447.74.

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

Huntington Ingalls Industries Dividend Announcement

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

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.