Optiver Holding B.V. Purchases New Shares in Huntington Ingalls Industries, Inc. $HII

Optiver Holding B.V. purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 2,228 shares of the aerospace company’s stock, valued at approximately $641,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new stake in shares of Huntington Ingalls Industries during the 2nd quarter valued at $25,000. Rakuten Securities Inc. lifted its position in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 63 shares during the period. SouthState Corp boosted its stake in Huntington Ingalls Industries by 310.0% during the second quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 93 shares in the last quarter. Anchor Investment Management LLC grew its holdings in Huntington Ingalls Industries by 400.0% in the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 100 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Huntington Ingalls Industries by 120.0% in the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on HII shares. Citigroup boosted 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. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. JPMorgan Chase & Co. boosted their target price on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.38.

Huntington Ingalls Industries Stock Performance

HII stock opened at $436.20 on Thursday. The stock’s 50 day simple moving average is $396.13 and its 200 day simple moving average is $328.29. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Huntington Ingalls Industries, Inc. has a 12-month low of $167.70 and a 12-month high of $451.86. The stock has a market capitalization of $17.12 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.83 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.72 by $0.32. The business had revenue of $3.48 billion for 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 business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.15 EPS. As a group, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Huntington Ingalls Industries Company 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.