Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 198,109 shares of the aerospace company's stock, valued at approximately $55,449,000. Diamond Hill Capital Management LLC Investment Advisor owned 0.50% of Huntington Ingalls Industries at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bayban purchased a new position in shares of Huntington Ingalls Industries in the first quarter valued at approximately $27,000. NBC Securities Inc. increased its stake in Huntington Ingalls Industries by 87.2% during 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 during the period. Cassaday & Co Wealth Management LLC acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth approximately $36,000. CYBER HORNET ETFs LLC acquired a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $25,000. Finally, Rakuten Securities Inc. boosted its position 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 period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Huntington Ingalls Industries Price Performance
Shares of HII opened at $327.90 on Monday. Huntington Ingalls Industries, Inc. has a twelve month low of $262.66 and a twelve month high of $460.00. The firm's fifty day simple moving average is $294.87 and its 200-day simple moving average is $352.24. The firm has a market capitalization of $12.92 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.25 and a beta of 0.24. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping 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 was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.86 earnings per share. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 18.19 EPS for the current fiscal year.
Huntington Ingalls Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 32.90%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on HII shares. Wall Street Zen downgraded shares of 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 $420.00 to $360.00 and set a "buy" rating for the company in a report on Monday, July 13th. Wolfe Research raised Huntington Ingalls Industries from a "peer perform" rating to an "outperform" rating and set a $364.00 target price for the company in a research note on Friday, July 31st. Citigroup upped their price target on Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Huntington Ingalls Industries in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $378.88.
View Our Latest Research Report on HII
Insider Activity at Huntington Ingalls Industries
In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher D. Kastner sold 13,070 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the sale, the chief executive officer directly owned 11,224 shares in the company, valued at approximately $3,646,902.08. The trade was a 53.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is owned by insiders.
About Huntington Ingalls Industries
(
Free Report)
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.
See Also
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