26,482 Shares in Huntington Ingalls Industries, Inc. $HII Bought by Maven Securities LTD

Maven Securities LTD acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the second quarter, HoldingsChannel reports. The institutional investor acquired 26,482 shares of the aerospace company’s stock, valued at approximately $7,412,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Baird Financial Group Inc. lifted its position in shares of Huntington Ingalls Industries by 37.4% in the 2nd quarter. Baird Financial Group Inc. now owns 7,154 shares of the aerospace company’s stock worth $2,002,000 after buying an additional 1,949 shares during the last quarter. Arizona State Retirement System grew its position in shares of Huntington Ingalls Industries by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 10,865 shares of the aerospace company’s stock valued at $3,041,000 after buying an additional 84 shares during the last quarter. Empirical Finance LLC grew its position in shares of Huntington Ingalls Industries by 3.3% during the 2nd quarter. Empirical Finance LLC now owns 1,480 shares of the aerospace company’s stock valued at $414,000 after buying an additional 47 shares during the last quarter. Nykredit A S acquired a new stake in Huntington Ingalls Industries during the second quarter worth about $321,000. Finally, Allianz Asset Management GmbH acquired a new stake in Huntington Ingalls Industries during the second quarter worth about $25,790,000. Institutional investors own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

In related news, CEO Christopher 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 value of $4,246,704.40. Following the sale, the chief executive officer directly owned 11,224 shares in the company, valued at $3,646,902.08. This trade represents a 53.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wells Fargo & Company lifted their target price on 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. Sanford C. Bernstein set a $341.00 price target on Huntington Ingalls Industries in a research report on Tuesday, August 25th. Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Wolfe Research upgraded Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective for the company in a research report on Friday, July 31st. Finally, TD Cowen lowered their price objective 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. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Moderate Buy” and an average target price of $368.88.

Huntington Ingalls Industries Trading Up 0.6%

Shares of 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. The company’s 50-day moving average price is $297.73 and its 200 day moving average price is $338.38. The company 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, Inc. has a fifty-two week low of $263.62 and a fifty-two week high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results 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 firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the firm earned $3.86 EPS. Huntington Ingalls Industries’s quarterly revenue was up 10.9% on a year-over-year basis. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, August 28th. Huntington Ingalls Industries’s dividend payout ratio is 32.90%.

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.