denkapparat Operations GmbH Makes New Investment in Huntington Ingalls Industries, Inc. $HII

denkapparat Operations GmbH purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,870 shares of the aerospace company’s stock, valued at approximately $523,000.

Several other institutional investors and hedge funds also recently bought and sold shares of HII. CYBER HORNET ETFs LLC purchased a new position in Huntington Ingalls Industries in the 2nd quarter valued at approximately $25,000. Rakuten Securities Inc. boosted its position in shares of Huntington Ingalls Industries by 140.0% in the 2nd 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. Bayban purchased a new stake in Huntington Ingalls Industries during the 1st quarter worth about $27,000. Smartleaf Asset Management LLC boosted its position in shares of Huntington Ingalls Industries by 363.3% in the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 109 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries during the first quarter worth about $36,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Huntington Ingalls Industries Stock Down 1.9%

Shares of NYSE:HII opened at $285.30 on Friday. The business has a fifty day moving average price of $297.43 and a two-hundred day moving average price of $340.83. Huntington Ingalls Industries, Inc. has a 1 year low of $263.62 and a 1 year high of $460.00. The company has a market capitalization of $11.24 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.09 and a beta of 0.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.48. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. Huntington Ingalls Industries’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.86 earnings per share. Analysts forecast that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued 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 currently 32.90%.

Insider Activity at Huntington Ingalls Industries

In other news, CEO Christopher Kastner sold 13,070 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 11,224 shares in the company, valued at approximately $3,646,902.08. This represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.80% of the company’s stock.

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.