AXQ Capital LP acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,965 shares of the aerospace company's stock, valued at approximately $1,949,000.
Other large investors have also recently modified their holdings of the company. Bayban bought a new stake in Huntington Ingalls Industries during the first quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC bought a new stake in Huntington Ingalls Industries in the 1st quarter worth approximately $36,000. CYBER HORNET ETFs LLC purchased a new stake in Huntington Ingalls Industries in the second quarter worth approximately $25,000. Rakuten Securities Inc. boosted its stake in 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 in the last quarter. Finally, Motiv8 Investments LLC bought a new position in Huntington Ingalls Industries during the fourth quarter valued at approximately $38,000. Institutional investors own 90.46% of the company's stock.
Insider Activity at Huntington Ingalls Industries
In other news, CEO Christopher Kastner sold 13,070 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.80% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on HII shares. Wells Fargo & Company boosted their price objective on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Huntington Ingalls Industries from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday. Wall Street Zen lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 18th. TD Cowen lowered their target price on Huntington Ingalls Industries from $420.00 to $360.00 and set a "buy" rating for the company in a research note on Monday, July 13th. Finally, Citigroup increased their target price on Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a "buy" rating in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $368.88.
Get Our Latest Stock Analysis on Huntington Ingalls Industries
Huntington Ingalls Industries Stock Down 1.9%
Shares of Huntington Ingalls Industries stock opened at $285.30 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51. The company's fifty day simple moving average is $297.43 and its two-hundred day simple moving average is $340.83. The company has a market cap of $11.24 billion, a P/E ratio of 17.00, a PEG ratio of 1.09 and a beta of 0.23. Huntington Ingalls Industries, Inc. has a 12-month low of $263.62 and a 12-month high of $460.00.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping the consensus estimate of $3.79 by $1.48. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the business earned $3.86 EPS. The company's revenue for the quarter was up 10.9% on a year-over-year basis. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current year.
Huntington Ingalls Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $5.52 annualized dividend and a yield of 1.9%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 32.90%.
Huntington Ingalls Industries Company Profile
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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.
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