Assetmark Inc. Has $2.23 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Assetmark Inc. increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 40.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,921 shares of the aerospace company’s stock after buying an additional 3,119 shares during the period. Assetmark Inc.’s holdings in Huntington Ingalls Industries were worth $2,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Integrated Quantitative Investments LLC acquired a new position in Huntington Ingalls Industries during the fourth quarter valued at approximately $283,000. Teacher Retirement System of Texas acquired a new position in shares of Huntington Ingalls Industries during the first quarter worth $1,324,000. Allstate Corp acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter worth $237,000. GAMMA Investing LLC increased its holdings in shares of Huntington Ingalls Industries by 269.0% during the first quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company’s stock worth $492,000 after buying an additional 1,759 shares in the last quarter. Finally, Eisler Capital Management Ltd. acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter worth $5,679,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Down 0.9%

HII stock opened at $258.39 on Thursday. The stock’s 50 day simple moving average is $241.14 and its 200 day simple moving average is $214.94. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07. The company has a market cap of $10.14 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.60 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the firm earned $3.87 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.09%. Huntington Ingalls Industries’s payout ratio is 38.90%.

Analysts Set New Price Targets

HII has been the topic of several analyst reports. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price objective on the stock in a research note on Thursday, May 15th. The Goldman Sachs Group upped their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and increased their price objective for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Finally, Barclays boosted their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $251.38.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the sale, the vice president owned 21,228 shares in the company, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the sale, the director owned 17,485 shares of the company’s stock, valued at approximately $4,066,661.30. This trade represents a 10.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries 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.