Union Bancaire Privee UBP SA Acquires 3,273 Shares of Huntington Ingalls Industries, Inc. $HII

Union Bancaire Privee UBP SA lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 26.3% in the 3rd quarter, Holdings Channel reports. The firm owned 15,736 shares of the aerospace company’s stock after acquiring an additional 3,273 shares during the period. Union Bancaire Privee UBP SA’s holdings in Huntington Ingalls Industries were worth $4,531,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Maverick Capital Ltd. bought a new stake in Huntington Ingalls Industries in the 2nd quarter worth about $93,332,000. Sound Shore Management Inc CT bought a new position in Huntington Ingalls Industries during the 2nd quarter valued at about $80,047,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 94.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock valued at $83,311,000 after acquiring an additional 197,825 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of Huntington Ingalls Industries by 3,576.2% in the second quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock worth $47,268,000 after acquiring an additional 190,434 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Huntington Ingalls Industries by 26.0% during the first quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock valued at $148,686,000 after purchasing an additional 150,204 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 850 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $315.44, for a total transaction of $268,124.00. Following the completion of the transaction, the vice president directly owned 8,731 shares of the company’s stock, valued at approximately $2,754,106.64. This represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Nicolas G. Schuck sold 466 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total value of $146,491.76. Following the transaction, the chief accounting officer owned 2,418 shares of the company’s stock, valued at $760,122.48. This represents a 16.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 17,103 shares of company stock worth $5,477,768. 0.86% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Down 0.7%

NYSE HII opened at $326.91 on Wednesday. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $333.31. The company has a quick ratio of 1.06, a current ratio of 1.14 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $12.83 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 1.58 and a beta of 0.37. The stock’s 50-day moving average price is $306.61 and its 200-day moving average price is $275.93.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The firm’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.56 EPS. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a dividend of $1.38 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, November 28th. This represents a $5.52 annualized dividend and a yield of 1.7%. Huntington Ingalls Industries’s dividend payout ratio is 38.12%.

Analyst Ratings Changes

HII has been the topic of several research reports. The Goldman Sachs Group raised their target price on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, October 31st. JPMorgan Chase & Co. increased their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. TD Cowen raised their price target on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $325.75.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.