Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in Huntington Ingalls Industries, Inc. $HII

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.8% during the 4th quarter, Holdings Channel reports. The firm owned 46,001 shares of the aerospace company’s stock after purchasing an additional 2,517 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Huntington Ingalls Industries were worth $16,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. raised its position in Huntington Ingalls Industries by 87.2% during the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 41 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth about $25,000. Rakuten Securities Inc. increased its position in shares of Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Huntington Ingalls Industries by 120.0% during the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after buying an additional 60 shares in the last quarter. Finally, Community Bank N.A. purchased a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at about $35,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 4,400 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the transaction, the vice president owned 20,360 shares in the company, valued at $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 is available through this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the transaction, the executive vice president directly owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Trading Down 0.1%

HII opened at $316.06 on Monday. Huntington Ingalls Industries, Inc. has a one year low of $215.04 and a one year high of $460.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. The business has a 50 day simple moving average of $397.33 and a two-hundred day simple moving average of $370.43. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.34 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.09. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The business’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.79 earnings per share. Analysts predict that Huntington Ingalls Industries, Inc. will post 17.33 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a $1.38 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.7%. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Analyst Upgrades and Downgrades

Several research firms have commented on HII. Wells Fargo & Company initiated coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price target on the stock. The Goldman Sachs Group increased their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Citigroup cut their price target on shares of Huntington Ingalls Industries from $465.00 to $441.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $383.22.

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.