Universal Beteiligungs und Servicegesellschaft mbH Increases Position in Huntington Ingalls Industries, Inc. $HII

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 21.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,757 shares of the aerospace company’s stock after buying an additional 2,229 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Huntington Ingalls Industries were worth $3,673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HII. CYBER HORNET ETFs LLC purchased a new stake in Huntington Ingalls Industries in the second quarter worth $25,000. Rakuten Securities Inc. grew its holdings in shares of Huntington Ingalls Industries by 140.0% in the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the last quarter. SouthState Corp increased its stake in 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 buying an additional 93 shares during the period. Anchor Investment Management LLC lifted its holdings in Huntington Ingalls Industries by 400.0% during the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after buying an additional 100 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after buying an additional 60 shares during the period. 90.46% of the stock is owned by institutional investors.

Insider Activity

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 466 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total value of $146,491.76. Following the transaction, the chief accounting officer directly owned 2,418 shares of the company’s stock, valued at approximately $760,122.48. The trade was a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chad N. Boudreaux sold 787 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total value of $247,251.79. Following the sale, the vice president owned 20,441 shares of the company’s stock, valued at approximately $6,421,948.97. This represents a 3.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,103 shares of company stock valued at $5,477,768 in the last ninety days. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

HII has been the topic of a number of research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 target price on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. The Goldman Sachs Group upped their target price on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. TD Cowen increased their price target on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Wall Street Zen upgraded Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 18th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and an average price target of $343.63.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $425.11 on Thursday. The stock’s 50-day moving average is $354.99 and its 200 day moving average is $306.44. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $432.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.14 and a quick ratio of 1.06. The company has a market cap of $16.68 billion, a P/E ratio of 29.36, a PEG ratio of 1.70 and a beta of 0.36.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, beating the consensus estimate of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.74% and a return on equity of 11.79%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period in the prior year, the firm posted $2.56 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. Research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

About Huntington Ingalls Industries

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.