FengHe Fund Management Pte. Ltd. Makes New Investment in Huntington Ingalls Industries, Inc. $HII

FengHe Fund Management Pte. Ltd. acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 73,000 shares of the aerospace company’s stock, valued at approximately $21,017,000. Huntington Ingalls Industries comprises about 1.9% of FengHe Fund Management Pte. Ltd.’s portfolio, making the stock its 22nd largest position. FengHe Fund Management Pte. Ltd. owned 0.19% of Huntington Ingalls Industries as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in Huntington Ingalls Industries by 221.8% during the first quarter. NewEdge Advisors LLC now owns 8,825 shares of the aerospace company’s stock valued at $1,801,000 after purchasing an additional 6,083 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Huntington Ingalls Industries by 23.5% during the 1st quarter. IFM Investors Pty Ltd now owns 5,514 shares of the aerospace company’s stock worth $1,125,000 after buying an additional 1,051 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 40.1% during 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. First Hawaiian Bank grew its stake in Huntington Ingalls Industries by 22.3% in the 1st quarter. First Hawaiian Bank now owns 6,494 shares of the aerospace company’s stock valued at $1,325,000 after buying an additional 1,182 shares during the last quarter. Finally, Militia Capital Partners LP raised its holdings in Huntington Ingalls Industries by 286.3% in the 1st quarter. Militia Capital Partners LP now owns 1,500 shares of the aerospace company’s stock worth $306,000 after acquiring an additional 2,305 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $387.37 on Friday. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $391.04. The firm has a market capitalization of $15.20 billion, a PE ratio of 26.75, a PEG ratio of 1.53 and a beta of 0.36. The business’s 50 day moving average is $327.66 and its 200-day moving average is $290.56. The company has a current ratio of 1.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period in the prior year, the company posted $2.56 earnings per share. Huntington Ingalls Industries’s revenue was up 16.1% on a year-over-year basis. Sell-side 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. Stockholders of record on Friday, November 28th were given a dividend of $1.38 per share. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, November 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.12%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 466 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total value of $146,491.76. Following the sale, the chief accounting officer owned 2,418 shares of the company’s stock, valued at $760,122.48. The trade was a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher D. Kastner sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the transaction, the chief executive officer owned 68,139 shares of the company’s stock, valued at approximately $21,876,707.34. This represents a 18.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 17,103 shares of company stock worth $5,477,768. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

HII has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a report on Friday, October 31st. Melius raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. TD Cowen raised their target price on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, October 31st. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $362.00 price target on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. Finally, Citigroup started coverage on Huntington Ingalls Industries in a report on Friday, December 12th. They set a “buy” rating and a $376.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $325.75.

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.