Versor Investments LP Has $1.82 Million Stock Position in Huntington Ingalls Industries, Inc. $HII

Versor Investments LP increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 107.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,322 shares of the aerospace company’s stock after buying an additional 3,281 shares during the quarter. Versor Investments LP’s holdings in Huntington Ingalls Industries were worth $1,820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its stake in Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 59 shares in the last quarter. Blair William & Co. IL acquired a new position in Huntington Ingalls Industries during the 2nd quarter worth approximately $330,000. Callan Family Office LLC bought a new position in Huntington Ingalls Industries in the 2nd quarter valued at approximately $416,000. IFP Advisors Inc lifted its stake in Huntington Ingalls Industries by 5.3% in the 2nd quarter. IFP Advisors Inc now owns 2,153 shares of the aerospace company’s stock valued at $574,000 after purchasing an additional 108 shares during the last quarter. Finally, Apollon Wealth Management LLC acquired a new stake in Huntington Ingalls Industries in the second quarter valued at approximately $255,000. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In other news, VP Chad N. Boudreaux sold 787 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total value of $247,251.79. Following the completion of the transaction, the vice president directly owned 20,441 shares of the company’s stock, valued at approximately $6,421,948.97. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher D. Kastner sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $321.06, for a total value of $4,815,900.00. Following the sale, the chief executive officer owned 68,139 shares in the company, valued at approximately $21,876,707.34. The trade was a 18.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,637 shares of company stock valued at $5,331,276 over the last quarter. Insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $405.87 on Tuesday. The business has a 50-day moving average of $370.96 and a 200-day moving average of $315.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 1.60 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 1 year low of $159.41 and a 1 year high of $436.14.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, beating the consensus estimate of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the business posted $3.15 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. As a group, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Wall Street Analysts Forecast Growth

HII has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. TD Cowen upped their target price on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Thursday, January 22nd. JPMorgan Chase & Co. boosted their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Finally, Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and an average price target of $343.63.

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.