Y Intercept Hong Kong Ltd Makes New Investment in Huntington Ingalls Industries, Inc. $HII

Y Intercept Hong Kong Ltd purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,759 shares of the aerospace company’s stock, valued at approximately $506,000.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Huntington Ingalls Industries by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock worth $252,403,000 after buying an additional 16,236 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Huntington Ingalls Industries by 4.0% in the second quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock worth $160,919,000 after acquiring an additional 25,737 shares in the last quarter. Sei Investments Co. grew its stake in shares of Huntington Ingalls Industries by 4.2% in the second quarter. Sei Investments Co. now owns 465,250 shares of the aerospace company’s stock worth $112,337,000 after acquiring an additional 18,777 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Huntington Ingalls Industries during the second quarter worth $93,332,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Huntington Ingalls Industries by 1.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 383,033 shares of the aerospace company’s stock valued at $92,487,000 after acquiring an additional 6,670 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insiders Place Their Bets

In related news, VP Chad N. Boudreaux sold 787 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total transaction of $247,251.79. Following the sale, the vice president directly owned 20,441 shares in the company, valued at $6,421,948.97. This trade represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Edmond E. Jr. Hughes sold 850 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total transaction of $268,124.00. Following the completion of the transaction, the vice president owned 8,731 shares of the company’s stock, valued at $2,754,106.64. This represents a 8.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 16,637 shares of company stock valued at $5,331,276. 0.86% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Trading Up 2.1%

HII opened at $429.17 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.14. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $436.14. The company has a market cap of $16.84 billion, a P/E ratio of 29.64, a PEG ratio of 1.69 and a beta of 0.34. The business’s 50-day simple moving average is $364.28 and its 200-day simple moving average is $311.56.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Citigroup lifted their price objective on Huntington Ingalls Industries from $376.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. boosted their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. The Goldman Sachs Group upped their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $343.63.

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.