Infrastructure Capital Advisors LLC Invests $703,000 in Huntington Ingalls Industries, Inc. $HII

Infrastructure Capital Advisors LLC purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,850 shares of the aerospace company’s stock, valued at approximately $703,000.

A number of other hedge funds also recently modified their holdings of HII. Bayban bought a new position in Huntington Ingalls Industries during the first quarter valued at $27,000. NBC Securities Inc. raised its stake in shares of Huntington Ingalls Industries by 87.2% in the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after buying an additional 41 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries in the first quarter valued at $36,000. CYBER HORNET ETFs LLC purchased a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at $25,000. Finally, Rakuten Securities Inc. grew its stake in shares of Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 63 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the transaction, the vice president owned 8,391 shares of the company’s stock, valued at $2,681,595.78. The trade was a 29.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HII shares. Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. 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 reduced their target price on shares of 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. Citigroup lowered their price target on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company began coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price target on the stock. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $374.00.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $287.96 on Tuesday. The firm has a market capitalization of $11.35 billion, a P/E ratio of 18.74, a PEG ratio of 1.23 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a one year low of $256.45 and a one year high of $460.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. The business has a fifty day moving average price of $292.06 and a 200-day moving average price of $360.92.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.79 EPS. As a group, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 17.31 EPS for the current year.

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.