Y Intercept Hong Kong Ltd Purchases Shares of 30,181 Huntington Ingalls Industries, Inc. $HII

Y Intercept Hong Kong Ltd purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,181 shares of the aerospace company’s stock, valued at approximately $11,466,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayban purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at $27,000. NBC Securities Inc. increased its stake 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 buying an additional 41 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Huntington Ingalls Industries in the 2nd quarter worth $25,000. Rakuten Securities Inc. raised its holdings in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 63 shares during the period. Finally, Motiv8 Investments LLC bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at about $38,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 value of $1,118,530.00. Following the sale, the vice president owned 8,391 shares in the company, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HII. Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. TD Cowen decreased their target price on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Citigroup dropped their price target on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus price target of $381.50.

Huntington Ingalls Industries Trading Up 4.2%

Shares of HII stock opened at $290.70 on Friday. 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 stock has a market capitalization of $11.45 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.18 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a 12-month low of $246.34 and a 12-month high of $460.00. The stock’s 50-day moving average price is $312.08 and its 200-day moving average price is $368.42.

Huntington Ingalls Industries (NYSE:HII) last announced 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. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.79 earnings per share. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $1.38 dividend. 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 dividend payout ratio (DPR) is 35.91%.

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.