Optiver Holding B.V. Purchases Shares of 2,228 Huntington Ingalls Industries, Inc. $HII

Optiver Holding B.V. acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,228 shares of the aerospace company’s stock, valued at approximately $641,000.

A number of other institutional investors also recently made changes to their positions in the business. Maverick Capital Ltd. purchased a new position in Huntington Ingalls Industries in the 2nd quarter worth $93,332,000. Sound Shore Management Inc CT bought a new position in shares of Huntington Ingalls Industries during the second quarter valued at about $80,047,000. Orion Porfolio Solutions LLC increased its holdings in shares of Huntington Ingalls Industries by 3,576.2% in the second quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock worth $47,268,000 after buying an additional 190,434 shares during the period. Sunriver Management LLC purchased a new position in shares of Huntington Ingalls Industries in the second quarter worth about $31,532,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Huntington Ingalls Industries by 58.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,080 shares of the aerospace company’s stock valued at $67,145,000 after acquiring an additional 102,315 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HII shares. Citigroup raised their price target on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. TD Cowen lifted their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.38.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $436.20 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average of $396.13 and a 200 day moving average of $328.29. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.83 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 52 week low of $167.70 and a 52 week high of $451.86.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping the consensus estimate of $3.72 by $0.32. The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company posted $3.15 EPS. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th. Huntington Ingalls Industries’s payout ratio is presently 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.