Virtu Financial LLC Makes New $1.09 Million Investment in Huntington Ingalls Industries, Inc. $HII

Virtu Financial LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,201 shares of the aerospace company’s stock, valued at approximately $1,089,000.

Other hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. raised its position in Huntington Ingalls Industries by 87.2% in the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 41 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Huntington Ingalls Industries during the second quarter worth about $25,000. Rakuten Securities Inc. boosted its position in shares of Huntington Ingalls Industries by 140.0% in the second 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. Motiv8 Investments LLC purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth about $38,000. Finally, Community Bank N.A. acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at about $35,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’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 directly owned 8,391 shares of the company’s stock, valued at $2,681,595.78. The trade was a 29.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $284.79 on Friday. Huntington Ingalls Industries, Inc. has a 1 year low of $228.69 and a 1 year high of $460.00. 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 company has a market cap of $11.22 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.21 and a beta of 0.23. The firm has a fifty day moving average of $332.52 and a 200-day moving average of $370.20.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the company earned $3.79 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Huntington Ingalls Industries’s payout ratio is 35.91%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HII. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Citigroup dropped 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 note on Monday, May 18th. Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price objective on the stock. Finally, TD Cowen decreased their price objective on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $388.50.

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.