Longfellow Investment Management Co. LLC purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,404 shares of the aerospace company’s stock, valued at approximately $673,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HII. CYBER HORNET ETFs LLC purchased a new position in Huntington Ingalls Industries during the second quarter valued at $25,000. Rakuten Securities Inc. grew its position in shares of Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after buying an additional 63 shares during the period. Bayban bought a new position in shares of Huntington Ingalls Industries in the 1st quarter worth about $27,000. NBC Securities Inc. increased its stake in shares of Huntington Ingalls Industries by 87.2% in the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 41 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Huntington Ingalls Industries by 363.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 109 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CEO Christopher D. Kastner sold 13,070 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the sale, the chief executive officer directly owned 11,224 shares of the company’s stock, valued at $3,646,902.08. This represents a 53.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 0.80% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Analysis on HII
Huntington Ingalls Industries Stock Performance
Shares of HII opened at $327.90 on Monday. Huntington Ingalls Industries, Inc. has a one year low of $262.66 and a one year high of $460.00. The firm has a market capitalization of $12.92 billion, a P/E ratio of 19.54, a PEG ratio of 1.25 and a beta of 0.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14. The business has a fifty day moving average of $294.87 and a 200 day moving average of $352.24.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.48. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.86 EPS. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 18.19 EPS for the current year.
Huntington Ingalls Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, August 28th. Huntington Ingalls Industries’s dividend payout ratio is presently 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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