GSA Capital Partners LLP Acquires New Holdings in Huntington Ingalls Industries, Inc. $HII

Key Points

• GSA Capital Partners acquired 7,186 Huntington Ingalls Industries shares worth approximately $2.0 million in the second quarter. Institutional investors collectively own 90.46% of HII.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $378.88, despite target adjustments from several firms.
• HII exceeded quarterly expectations, reporting $5.27 in EPS and $3.42 billion in revenue, while declaring a $1.38-per-share quarterly dividend. The CEO and a vice president separately sold shares during the period.

GSA Capital Partners LLP bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,186 shares of the aerospace company's stock, valued at approximately $2,011,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its holdings in shares of 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 purchasing an additional 59 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Huntington Ingalls Industries by 329.4% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company's stock valued at $88,000 after purchasing an additional 280 shares during the period. Marshall Wace LLP raised its position in Huntington Ingalls Industries by 432.1% during the 2nd quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company's stock worth $9,210,000 after purchasing an additional 30,975 shares during the last quarter. Cresset Asset Management LLC raised its position in Huntington Ingalls Industries by 23.0% during the 2nd quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company's stock worth $381,000 after purchasing an additional 294 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Huntington Ingalls Industries during the 2nd quarter worth about $398,000. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup upped their price target on Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Wolfe Research upgraded Huntington Ingalls Industries from a "peer perform" rating to an "outperform" rating and set a $364.00 price objective for the company in a research report on Friday, July 31st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Huntington Ingalls Industries in a research note on Monday, August 3rd. TD Cowen reduced their target price on Huntington Ingalls Industries from $420.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, July 13th. Finally, Wells Fargo & Company increased their target price on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $378.88.

Insider Buying and Selling

In other Huntington Ingalls Industries news, CEO Christopher D. Kastner sold 13,070 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the transaction, the chief executive officer directly owned 11,224 shares in the company, valued at approximately $3,646,902.08. This represents a 53.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm'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 sale, the vice president directly owned 8,391 shares of the company's stock, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.80% of the company's stock.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $327.90 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $12.92 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 1.26 and a beta of 0.24. The firm's fifty day simple moving average is $294.87 and its two-hundred day simple moving average is $352.67. Huntington Ingalls Industries, Inc. has a 12 month low of $262.66 and a 12 month high of $460.00.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.48. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The business's quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the company posted $3.86 EPS. As a group, analysts predict that Huntington Ingalls Industries, Inc. will post 18.19 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $5.52 annualized dividend and a yield of 1.7%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 32.90%.

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.

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