Focus Partners Advisor Solutions LLC Makes New Investment in Huntington Ingalls Industries, Inc. $HII

Focus Partners Advisor Solutions LLC purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 2,082 shares of the aerospace company’s stock, valued at approximately $583,000.

A number of other large investors also recently made changes to their positions in HII. Northwestern Mutual Wealth Management Co. grew 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 valued at $675,572,000 after purchasing an additional 1,981,424 shares during the period. AQR Capital Management LLC lifted 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 worth $369,186,000 after buying an additional 498,690 shares during the period. Van ECK Associates Corp boosted its stake in Huntington Ingalls Industries by 32.1% in the 4th quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock worth $560,004,000 after buying an additional 400,428 shares during the last quarter. Marshall Wace LLP boosted its stake in Huntington Ingalls Industries by 588.1% in the 4th quarter. Marshall Wace LLP now owns 351,879 shares of the aerospace company’s stock worth $119,663,000 after buying an additional 300,740 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Huntington Ingalls Industries by 390.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 285,339 shares of the aerospace company’s stock valued at $97,036,000 after buying an additional 227,126 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Huntington Ingalls Industries in a research note on Monday, August 3rd. Wells Fargo & Company raised their target price on shares of 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. Citigroup boosted their target price on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a report on Friday, July 31st. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Wolfe Research raised shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price target on the stock in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Moderate Buy” and an average target price of $378.88.

Insider Buying and Selling

In other news, CEO Christopher D. Kastner sold 13,070 shares of the 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 owned 11,224 shares of the company’s stock, valued at $3,646,902.08. This represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the transaction, the vice president directly owned 8,391 shares in the company, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Price Performance

HII stock opened at $318.46 on Tuesday. The company has a market cap of $12.55 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.25 and a beta of 0.24. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $295.40 and a two-hundred day moving average price of $351.51. Huntington Ingalls Industries, Inc. has a 12-month low of $262.66 and a 12-month high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.48. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $3.86 EPS. As a group, research analysts predict that Huntington Ingalls Industries, Inc. will post 18.19 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $1.38 dividend. The ex-dividend date is Friday, August 28th. This represents a $5.52 annualized dividend and a yield of 1.7%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 32.90%.

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.