Vaughan Nelson Investment Management L.P. Has $71.68 Million Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Key Points

• Vaughan Nelson Investment Management cut its stake in Huntington Ingalls by 35.1% in Q4 and now holds 210,765 shares valued at about $71.68 million, representing roughly 0.54% of the company.
• Company insiders have recently sold shares—VP Chad N. Boudreaux sold 4,400 shares (~$1.86M) and EVP Eric D. Chewning sold 1,700 shares (~$736,848)—leaving insiders with about 0.80% ownership.
• HII reported a strong quarter, beating estimates with EPS $4.04 (vs. $3.72 est.) and revenue $3.48B (vs. $3.09B), while analysts' consensus is a Moderate Buy with an average price target of $384.13 and an annualized dividend of $5.52 (~1.5% yield).

Vaughan Nelson Investment Management L.P. decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 35.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,765 shares of the aerospace company's stock after selling 113,780 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.54% of Huntington Ingalls Industries worth $71,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. CI Investments Inc. boosted its position in Huntington Ingalls Industries by 16.7% during the 3rd quarter. CI Investments Inc. now owns 231 shares of the aerospace company's stock worth $67,000 after acquiring an additional 33 shares during the period. Evergreen Capital Management LLC increased its holdings in shares of Huntington Ingalls Industries by 3.9% in the 3rd quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company's stock valued at $291,000 after purchasing an additional 38 shares during the period. 1834 Investment Advisors Co. lifted its position in shares of Huntington Ingalls Industries by 1.6% in the third quarter. 1834 Investment Advisors Co. now owns 2,535 shares of the aerospace company's stock worth $730,000 after purchasing an additional 39 shares in the last quarter. O Keefe Stevens Advisory Inc. lifted its position in shares of Huntington Ingalls Industries by 0.7% in the third quarter. O Keefe Stevens Advisory Inc. now owns 5,758 shares of the aerospace company's stock worth $1,658,000 after purchasing an additional 40 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its holdings in shares of Huntington Ingalls Industries by 10.1% during the third quarter. Resona Asset Management Co. Ltd. now owns 438 shares of the aerospace company's stock worth $122,000 after purchasing an additional 40 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 4,400 shares of Huntington Ingalls Industries stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the transaction, the vice president owned 20,360 shares in the company, valued at $8,601,082. This trade represents a 17.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Eric D. Chewning sold 1,700 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the transaction, the executive vice president directly owned 1,949 shares of the company's stock, valued at approximately $844,774.56. This represents a 46.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $368.04 on Tuesday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $177.42 and a fifty-two week high of $460.00. The stock's 50-day moving average is $417.96 and its two-hundred day moving average is $352.58. The firm has a market cap of $14.44 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.56 and a beta of 0.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $3.09 billion. During the same period last year, the business earned $3.15 EPS. The firm's revenue was up 15.7% compared to the same quarter last year. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, February 27th. Huntington Ingalls Industries's payout ratio is presently 35.91%.

Wall Street Analysts Forecast Growth

HII has been the topic of several research reports. Weiss Ratings upgraded shares of Huntington Ingalls Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, March 19th. Bank of America upgraded shares of Huntington Ingalls Industries from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $300.00 to $400.00 in a report on Thursday, February 12th. Sanford C. Bernstein reiterated a "market perform" rating and set a $421.00 price objective on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Citigroup lifted their price objective on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a "buy" rating in a research report on Tuesday, February 10th. Finally, Melius Research upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research note on Monday, January 5th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $384.13.

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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