Jupiter Asset Management Ltd. Invests $1.53 Million in Huntington Ingalls Industries, Inc. $HII

Jupiter Asset Management Ltd. acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,304 shares of the aerospace company’s stock, valued at approximately $1,527,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC acquired a new stake in Huntington Ingalls Industries in the second quarter worth $25,000. Rakuten Securities Inc. boosted its holdings in shares of Huntington Ingalls Industries by 140.0% during the second 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. Versant Capital Management Inc grew its position in shares of Huntington Ingalls Industries by 120.0% during the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 60 shares during the last quarter. SouthState Corp increased its holdings in shares of Huntington Ingalls Industries by 310.0% in the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 93 shares during the period. Finally, Anchor Investment Management LLC increased its holdings in shares of Huntington Ingalls Industries by 400.0% in the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 100 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Insider Activity at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 787 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total value of $247,251.79. Following the completion of the sale, the vice president owned 20,441 shares in the company, valued at $6,421,948.97. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Down 1.2%

Shares of NYSE:HII opened at $437.63 on Friday. The company has a 50 day moving average of $389.25 and a 200-day moving average of $324.63. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm has a market cap of $17.17 billion, a P/E ratio of 28.47, a P/E/G ratio of 1.78 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a twelve month low of $167.70 and a twelve month high of $447.74.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the business earned $3.15 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders 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 annualized dividend and a dividend yield of 1.3%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Analysts Set New Price Targets

A number of research firms have issued reports on HII. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 target price on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Citigroup lifted their price target on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. The Goldman Sachs Group boosted their price objective on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $370.38.

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.