Virtu Financial LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,201 shares of the aerospace company’s stock, valued at approximately $1,089,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in shares of Huntington Ingalls Industries by 40.1% in 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 boosted its stake in Huntington Ingalls Industries by 329.4% during the 2nd 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 grew its holdings in Huntington Ingalls Industries by 432.1% in the 2nd quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock valued at $9,210,000 after buying an additional 30,975 shares during the last quarter. Cresset Asset Management LLC grew its holdings in Huntington Ingalls Industries by 23.0% in the 2nd quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock valued at $381,000 after buying an additional 294 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Huntington Ingalls Industries in the 2nd quarter worth approximately $398,000. Institutional investors and hedge funds own 90.46% of the company’s stock.
Analyst Ratings Changes
Several research firms recently commented on HII. Wall Street Zen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Citigroup decreased their price target on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wells Fargo & Company assumed coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective for the company. Finally, TD Cowen reduced their target price on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $388.50.
Huntington Ingalls Industries Price Performance
Shares of HII stock opened at $284.79 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The stock has a market capitalization of $11.22 billion, a PE ratio of 18.53, a PEG ratio of 1.21 and a beta of 0.23. Huntington Ingalls Industries, Inc. has a 52 week low of $228.69 and a 52 week high of $460.00. The stock’s fifty day moving average is $332.52 and its 200-day moving average is $370.20.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last released its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.70 by $0.09. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $3.79 EPS. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current fiscal year.
Huntington Ingalls Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 35.91%.
Insider Activity
In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the sale, the vice president owned 8,391 shares in the company, valued at $2,681,595.78. This represents a 29.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is owned by company insiders.
About Huntington Ingalls Industries
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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