Goldman Sachs Group Inc. Raises Holdings in Huntington Ingalls Industries, Inc. $HII

Goldman Sachs Group Inc. increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 71.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 365,760 shares of the aerospace company’s stock after buying an additional 152,624 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Huntington Ingalls Industries were worth $124,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in HII. Geneos Wealth Management Inc. raised its position in shares of Huntington Ingalls Industries by 40.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after buying an additional 59 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Huntington Ingalls Industries by 329.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock worth $88,000 after buying an additional 280 shares during the period. Marshall Wace LLP raised its position in shares of Huntington Ingalls Industries by 432.1% in the 2nd quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock worth $9,210,000 after buying an additional 30,975 shares during the period. Cresset Asset Management LLC raised its position in shares of Huntington Ingalls Industries by 23.0% in the 2nd quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock worth $381,000 after buying an additional 294 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth $398,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, the vice president directly owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on HII shares. Wall Street Zen lowered 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 “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Sanford C. Bernstein reissued a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. TD Cowen cut their price objective on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, Citigroup cut their price objective on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $388.50.

Huntington Ingalls Industries Trading Down 0.3%

NYSE:HII opened at $292.09 on Tuesday. The business’s 50-day moving average is $350.23 and its two-hundred day moving average is $371.68. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. Huntington Ingalls Industries, Inc. has a 12 month low of $215.04 and a 12 month high of $460.00. The firm has a market capitalization of $11.51 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 1.24 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the company posted $3.79 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. Research analysts predict that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a dividend of $1.38 per share. 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, May 29th. Huntington Ingalls Industries’s payout ratio is presently 35.91%.

Huntington Ingalls Industries Company 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.