RMB Capital Management LLC Increases Stake in Huntington Ingalls Industries Inc (HII)

RMB Capital Management LLC lifted its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 29.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,635 shares of the aerospace company’s stock after purchasing an additional 375 shares during the period. RMB Capital Management LLC’s holdings in Huntington Ingalls Industries were worth $421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HII. Whittier Trust Co. lifted its position in shares of Huntington Ingalls Industries by 113.1% in the 1st quarter. Whittier Trust Co. now owns 471 shares of the aerospace company’s stock worth $121,000 after purchasing an additional 250 shares during the period. Granite Springs Asset Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $209,000. Quadrature Capital Ltd purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $225,000. Signition LP purchased a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $227,000. Finally, Trexquant Investment LP purchased a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $232,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on HII. Credit Suisse Group lowered their price target on shares of Huntington Ingalls Industries from $328.00 to $301.00 and set an “outperform” rating for the company in a research report on Friday, May 4th. Stifel Nicolaus decreased their target price on shares of Huntington Ingalls Industries from $230.00 to $200.00 and set a “sell” rating for the company in a research report on Friday, May 4th. Wells Fargo & Co raised shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating in a research report on Friday, May 4th. Citigroup raised shares of Huntington Ingalls Industries from a “neutral” rating to a “buy” rating and set a $233.00 target price for the company in a research report on Wednesday, May 9th. Finally, Zacks Investment Research cut shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $265.33.



In other Huntington Ingalls Industries news, VP D R. Wyatt sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $222.67, for a total value of $222,670.00. Following the completion of the transaction, the vice president now owns 20,170 shares of the company’s stock, valued at $4,491,253.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen R. Wilson purchased 460 shares of the firm’s stock in a transaction on Monday, May 7th. The stock was bought at an average cost of $216.46 per share, with a total value of $99,571.60. Following the acquisition, the director now owns 460 shares of the company’s stock, valued at approximately $99,571.60. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 2,460 shares of company stock valued at $535,902. Corporate insiders own 2.22% of the company’s stock.

NYSE:HII opened at $220.52 on Friday. Huntington Ingalls Industries Inc has a 52 week low of $183.42 and a 52 week high of $276.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.51 and a quick ratio of 1.38. The company has a market cap of $9.81 billion, a P/E ratio of 18.16, a PEG ratio of 0.91 and a beta of 0.97.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, May 3rd. The aerospace company reported $3.48 EPS for the quarter, missing the Zacks’ consensus estimate of $4.07 by ($0.59). Huntington Ingalls Industries had a net margin of 6.80% and a return on equity of 34.69%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the company earned $2.56 EPS. The company’s revenue was up 8.5% on a year-over-year basis. equities analysts anticipate that Huntington Ingalls Industries Inc will post 16.2 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 25th were issued a $0.72 dividend. The ex-dividend date was Thursday, May 24th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.31%. Huntington Ingalls Industries’s dividend payout ratio is currently 23.72%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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