Maven Securities LTD Takes $7.41 Million Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Maven Securities acquired a new $7.41 million stake in Huntington Ingalls Industries during the second quarter, purchasing 26,482 shares. Institutional investors collectively own approximately 90.46% of HII.
• HII reported quarterly revenue of $3.42 billion and adjusted earnings of $5.27 per share, exceeding analyst estimates of $3.15 billion and $3.79, respectively. Revenue increased 10.9% year over year.
• The company declared a quarterly dividend of $1.38 per share, equal to a $5.52 annualized payout and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $368.88.

Maven Securities LTD acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 26,482 shares of the aerospace company's stock, valued at approximately $7,412,000. Maven Securities LTD owned about 0.07% of Huntington Ingalls Industries as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HII. California State Teachers Retirement System increased its stake in Huntington Ingalls Industries by 27,982.9% during the second quarter. California State Teachers Retirement System now owns 12,808,326 shares of the aerospace company's stock worth $3,584,922,000 after acquiring an additional 12,762,717 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth about $944,877,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Huntington Ingalls Industries by 38,526.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company's stock worth $675,572,000 after purchasing an additional 1,981,424 shares during the period. AQR Capital Management LLC increased its position in Huntington Ingalls Industries by 85.0% during the 4th quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company's stock worth $369,186,000 after purchasing an additional 498,690 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Huntington Ingalls Industries by 32.1% during the 4th quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company's stock worth $560,004,000 after purchasing an additional 400,428 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Up 0.6%

NYSE HII opened at $287.72 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. Huntington Ingalls Industries, Inc. has a fifty-two week low of $263.62 and a fifty-two week high of $460.00. The business has a 50 day moving average price of $297.73 and a two-hundred day moving average price of $338.38. The stock has a market cap of $11.34 billion, a PE ratio of 17.15, a P/E/G ratio of 1.08 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (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 firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the firm posted $3.86 EPS. The firm's quarterly revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 32.90%.

Insider Buying and Selling

In related news, CEO Christopher Kastner sold 13,070 shares of Huntington Ingalls Industries stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the transaction, the chief executive officer directly owned 11,224 shares in the company, valued at approximately $3,646,902.08. This trade represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 Analyst Weigh In

A number of brokerages have weighed in on HII. Weiss Ratings raised shares of Huntington Ingalls Industries from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 31st. TD Cowen dropped their price objective on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a "buy" rating for the company in a research report on Monday, July 13th. Wells Fargo & Company raised their target price on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 4th. Wall Street Zen lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Monday, May 18th. Finally, Sanford C. Bernstein set a $341.00 price target on Huntington Ingalls Industries in a report on Tuesday, August 25th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $368.88.

Huntington Ingalls Industries 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.

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