13,367 Shares in Huntington Ingalls Industries, Inc. $HII Acquired by Man Group plc

Man Group plc purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, Holdings Channel reports. The firm purchased 13,367 shares of the aerospace company’s stock, valued at approximately $3,741,000.

A number of other large investors also recently modified their holdings of the company. Chase Investment Counsel Corp purchased a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $4,634,000. Rothschild Investment LLC lifted its position in shares of Huntington Ingalls Industries by 478.1% during the 4th quarter. Rothschild Investment LLC now owns 5,295 shares of the aerospace company’s stock worth $1,801,000 after buying an additional 4,379 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Huntington Ingalls Industries by 71.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 365,760 shares of the aerospace company’s stock valued at $124,384,000 after buying an additional 152,624 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Huntington Ingalls Industries by 38,526.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock valued at $675,572,000 after buying an additional 1,981,424 shares in the last quarter. Finally, TD Asset Management Inc grew its position in shares of Huntington Ingalls Industries by 67.6% in the 4th quarter. TD Asset Management Inc now owns 51,320 shares of the aerospace company’s stock valued at $17,452,000 after buying an additional 20,691 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CEO Christopher D. Kastner sold 13,070 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the transaction, the chief executive officer owned 11,224 shares of the company’s stock, valued at $3,646,902.08. This trade represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $294.09 on Monday. The firm’s fifty day simple moving average is $296.49 and its 200-day simple moving average is $344.43. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.11 and a beta of 0.24. Huntington Ingalls Industries, Inc. has a 12 month low of $263.62 and a 12 month high of $460.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share 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 quarter in the prior year, the business earned $3.86 EPS. Huntington Ingalls Industries’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 28th. Huntington Ingalls Industries’s dividend payout ratio is presently 32.90%.

Wall Street Analyst Weigh In

HII has been the subject of a number of research reports. Wall Street Zen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings lowered Huntington Ingalls Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Wells Fargo & Company lifted their target price on Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. TD Cowen reduced their target price 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. Finally, Wolfe Research raised 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. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Moderate Buy” and a consensus price target of $368.88.

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.