Arbejdsmarkedets Tillaegspension Takes Position in Huntington Ingalls Industries, Inc. $HII

Arbejdsmarkedets Tillaegspension acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 63,014 shares of the aerospace company’s stock, valued at approximately $23,939,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HII. CYBER HORNET ETFs LLC acquired a new stake in shares of Huntington Ingalls Industries in the second quarter worth $25,000. Rakuten Securities Inc. grew its stake in Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after buying an additional 63 shares during the last quarter. Bayban acquired a new position in Huntington Ingalls Industries in the 1st quarter valued at $27,000. NBC Securities Inc. raised its holdings in 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 during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Huntington Ingalls Industries by 363.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 109 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HII has been the subject of a number of recent analyst reports. TD Cowen decreased their price target on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings lowered 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 Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Wells Fargo & Company initiated coverage on 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, Citigroup dropped their price target on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and an average price target of $374.00.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $284.79 on Tuesday. The business has a fifty day simple moving average of $301.62 and a 200 day simple moving average of $366.13. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.22 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a one year low of $250.91 and a one year high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the business earned $3.79 earnings per share. Huntington Ingalls Industries’s quarterly revenue was up 13.4% compared to the same quarter last year. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 17.31 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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

Insider Activity at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction dated 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 in the company, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Company 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.