Qube Research & Technologies Ltd Purchases 49,312 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Qube Research & Technologies Ltd lifted its position in Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating) by 124.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,011 shares of the aerospace company’s stock after acquiring an additional 49,312 shares during the quarter. Qube Research & Technologies Ltd owned 0.22% of Huntington Ingalls Industries worth $17,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cyrus J. Lawrence LLC bought a new stake in shares of Huntington Ingalls Industries in the first quarter valued at about $25,000. National Bank of Canada FI bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at about $27,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at about $37,000. Byrne Asset Management LLC raised its holdings in shares of Huntington Ingalls Industries by 121.8% in the first quarter. Byrne Asset Management LLC now owns 193 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 106 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries in the first quarter valued at about $45,000. 85.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HII. StockNews.com upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Cowen upgraded Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $200.00 to $270.00 in a research note on Thursday, April 14th. Finally, Cowen upgraded Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $200.00 to $270.00 in a research note on Thursday, April 14th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.00.

Insider Transactions at Huntington Ingalls Industries

In other news, VP Edgar A. Green III sold 4,222 shares of the business’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $207.99, for a total transaction of $878,133.78. Following the sale, the vice president now owns 5,809 shares in the company, valued at $1,208,213.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.16% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $227.58 on Friday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $175.50 and a fifty-two week high of $237.43. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 15.61 and a beta of 0.67. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.15. The stock’s 50-day simple moving average is $212.26 and its 200-day simple moving average is $205.80.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The aerospace company reported $4.44 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $1.01. Huntington Ingalls Industries had a return on equity of 21.73% and a net margin of 5.71%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the firm earned $3.20 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. As a group, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 15.44 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 26th will be paid a dividend of $1.18 per share. The ex-dividend date is Thursday, August 25th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 2.07%. Huntington Ingalls Industries’s payout ratio is 32.37%.

Huntington Ingalls Industries Company Profile

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Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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