Janus Henderson Group PLC Boosts Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Janus Henderson Group PLC increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.5% in the third quarter, Holdings Channel.com reports. The firm owned 6,069 shares of the aerospace company’s stock after purchasing an additional 207 shares during the quarter. Janus Henderson Group PLC’s holdings in Huntington Ingalls Industries were worth $1,604,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HII. Rosenberg Matthew Hamilton lifted its stake in shares of Huntington Ingalls Industries by 8.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock worth $139,000 after acquiring an additional 40 shares during the last quarter. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of Huntington Ingalls Industries by 9.1% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock valued at $121,000 after purchasing an additional 41 shares during the period. Ballentine Partners LLC lifted its holdings in Huntington Ingalls Industries by 1.6% during the 2nd quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock valued at $647,000 after buying an additional 42 shares in the last quarter. QRG Capital Management Inc. grew its stake in Huntington Ingalls Industries by 1.4% in the 3rd quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock worth $939,000 after acquiring an additional 48 shares in the last quarter. Finally, Inscription Capital LLC increased its position in shares of Huntington Ingalls Industries by 4.4% during the third quarter. Inscription Capital LLC now owns 1,310 shares of the aerospace company’s stock worth $346,000 after acquiring an additional 55 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP D R. Wyatt sold 400 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the transaction, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price target for the company from $280.00 to $285.00 in a research note on Monday, September 9th. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. The Goldman Sachs Group reduced their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, Barclays lowered their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Trading Up 0.7 %

Huntington Ingalls Industries stock opened at $192.14 on Friday. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. The stock has a 50-day moving average price of $217.57 and a 200 day moving average price of $245.37. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.70 earnings per share. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $1.35 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Friday, November 29th. Huntington Ingalls Industries’s payout ratio is currently 30.49%.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.