Mattson Financial Services LLC Boosts Stock Position in Huntington Ingalls Industries, Inc. $HII

Mattson Financial Services LLC boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 221.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,531 shares of the aerospace company’s stock after purchasing an additional 2,432 shares during the quarter. Mattson Financial Services LLC’s holdings in Huntington Ingalls Industries were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in Huntington Ingalls Industries by 38,526.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock worth $675,572,000 after buying an additional 1,981,424 shares during the last quarter. AQR Capital Management LLC increased its holdings in Huntington Ingalls Industries by 509.2% during the 3rd quarter. AQR Capital Management LLC now owns 586,929 shares of the aerospace company’s stock valued at $168,983,000 after purchasing an additional 490,587 shares during the period. Orion Porfolio Solutions LLC increased its holdings in Huntington Ingalls Industries by 3,576.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock valued at $47,268,000 after purchasing an additional 190,434 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Huntington Ingalls Industries by 71.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 365,760 shares of the aerospace company’s stock worth $124,384,000 after buying an additional 152,624 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Huntington Ingalls Industries by 42.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 396,425 shares of the aerospace company’s stock worth $114,135,000 after buying an additional 118,345 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Up 4.0%

Shares of HII opened at $300.78 on Friday. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.23. The business’s 50 day simple moving average is $345.39 and its 200-day simple moving average is $371.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. Huntington Ingalls Industries, Inc. has a 1 year low of $223.49 and a 1 year high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $3.79 EPS. As a group, equities analysts expect that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was 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 owned 8,391 shares in the company, valued at $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on HII. Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Bank of America upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. TD Cowen lowered their price objective on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Wells Fargo & Company began coverage on Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $388.50.

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.