Van ECK Associates Corp Has $358.82 Million Position in Huntington Ingalls Industries, Inc. $HII

Van ECK Associates Corp cut its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,246,305 shares of the aerospace company’s stock after selling 63,327 shares during the period. Van ECK Associates Corp owned 3.18% of Huntington Ingalls Industries worth $358,824,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Huntington Ingalls Industries in the second quarter valued at approximately $25,000. Rakuten Securities Inc. lifted its holdings in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares during the last quarter. Anchor Investment Management LLC boosted its position in Huntington Ingalls Industries by 400.0% during the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc increased its holdings in shares of Huntington Ingalls Industries by 120.0% in the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 60 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Huntington Ingalls Industries by 363.3% in the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 109 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $429.70 on Tuesday. 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 stock has a market capitalization of $16.86 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 1.75 and a beta of 0.32. Huntington Ingalls Industries, Inc. has a twelve month low of $177.42 and a twelve month high of $460.00. The company has a 50-day simple moving average of $410.53 and a two-hundred day simple moving average of $338.33.

Huntington Ingalls Industries (NYSE:HII) last announced its 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 firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the business posted $3.15 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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 issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.3%. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $300.00 to $400.00 in a research note on Thursday, February 12th. Finally, Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $384.13.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 4,400 shares of the firm’s 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 transaction, the vice president owned 20,360 shares in the company, valued at approximately $8,601,082. This trade represents a 17.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric D. Chewning sold 1,700 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were 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 directly owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. This trade represents a 46.59% decrease in their position. The SEC filing for this sale provides additional information. 0.86% of the stock is owned by 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.