Huntington Ingalls Industries, Inc. $HII Shares Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,995 shares of the aerospace company’s stock after purchasing an additional 1,259 shares during the period. Union Bancaire Privee UBP SA’s holdings in Huntington Ingalls Industries were worth $5,779,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. CI Investments Inc. lifted its holdings in Huntington Ingalls Industries by 16.7% during the 3rd quarter. CI Investments Inc. now owns 231 shares of the aerospace company’s stock worth $67,000 after buying an additional 33 shares in the last quarter. Evergreen Capital Management LLC grew its stake in shares of 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 worth $291,000 after acquiring an additional 38 shares in the last quarter. 1834 Investment Advisors Co. grew its stake in shares of Huntington Ingalls Industries by 1.6% in the third quarter. 1834 Investment Advisors Co. now owns 2,535 shares of the aerospace company’s stock worth $730,000 after acquiring an additional 39 shares in the last quarter. O Keefe Stevens Advisory Inc. increased its position in shares of Huntington Ingalls Industries by 0.7% during the third quarter. O Keefe Stevens Advisory Inc. now owns 5,758 shares of the aerospace company’s stock worth $1,658,000 after acquiring an additional 40 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its position in shares of Huntington Ingalls Industries by 10.1% during the third quarter. Resona Asset Management Co. Ltd. now owns 438 shares of the aerospace company’s stock worth $122,000 after acquiring an additional 40 shares during the period. 90.46% of the stock is 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 4,400 shares of the business’s stock in a transaction that occurred 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 sale, the vice president owned 20,360 shares in the company, valued at approximately $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the transaction, the executive vice president owned 1,949 shares in the company, valued at approximately $844,774.56. This trade represents a 46.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Trading Down 2.4%

NYSE:HII opened at $408.31 on Friday. Huntington Ingalls Industries, Inc. has a 1 year low of $177.42 and a 1 year high of $460.00. The stock has a market cap of $16.02 billion, a P/E ratio of 26.57, a P/E/G ratio of 1.71 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. The stock has a 50-day simple moving average of $421.13 and a 200-day simple moving average of $346.48.

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

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $1.38 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. Huntington Ingalls Industries’s payout ratio is 35.91%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HII shares. The Goldman Sachs Group lifted their target price on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Citigroup increased their price target on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Bank of America upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $300.00 to $400.00 in a research note on Thursday, February 12th. Finally, TD Cowen raised their target price on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a report on Friday, March 6th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Moderate Buy” and a consensus price target 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.