Quantitative Investment Management LLC Has $2.27 Million Position in Huntington Ingalls Industries, Inc. $HII

Quantitative Investment Management LLC lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 34.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,121 shares of the aerospace company’s stock after buying an additional 2,087 shares during the period. Quantitative Investment Management LLC’s holdings in Huntington Ingalls Industries were worth $2,272,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HII. BlackRock Inc. acquired a new stake in Huntington Ingalls Industries during the 2nd quarter worth about $944,877,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 worth $675,572,000 after purchasing an additional 1,981,424 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Huntington Ingalls Industries by 32.1% during the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock worth $560,004,000 after purchasing an additional 400,428 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 1,116,501 shares of the aerospace company’s stock worth $379,098,000 after purchasing an additional 56,618 shares during the period. Finally, AQR Capital Management LLC grew its position in Huntington Ingalls Industries by 85.0% during the fourth quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock valued at $369,186,000 after purchasing an additional 498,690 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Huntington Ingalls Industries

In other news, CEO Christopher D. Kastner sold 13,070 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the sale, the chief executive officer directly owned 11,224 shares in the company, valued at approximately $3,646,902.08. The trade was a 53.80% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Down 1.0%

HII stock opened at $291.31 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51. Huntington Ingalls Industries, Inc. has a 1 year low of $263.62 and a 1 year high of $460.00. The company has a fifty day simple moving average of $296.75 and a 200 day simple moving average of $343.67. The firm has a market cap of $11.48 billion, a PE ratio of 17.36, a PEG ratio of 1.11 and a beta of 0.24.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.48. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the prior year, the company posted $3.86 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, August 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 32.90%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wolfe Research upgraded shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 target price for the company in a research report on Friday, July 31st. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. TD Cowen cut their price objective on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a report on Monday, July 13th. Wells Fargo & Company lifted their price objective on Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Finally, Sanford C. Bernstein set a $341.00 target price on Huntington Ingalls Industries in a research report on Tuesday, August 25th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $368.88.

About Huntington Ingalls Industries

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.