27,751 Shares in Huntington Ingalls Industries, Inc. $HII Purchased by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, Holdings Channel reports. The fund purchased 27,751 shares of the aerospace company’s stock, valued at approximately $7,771,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Huntington Ingalls Industries during the 2nd quarter valued at $944,877,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Huntington Ingalls Industries by 38,526.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock worth $675,572,000 after buying an additional 1,981,424 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Huntington Ingalls Industries by 32.1% during the 4th quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock worth $560,004,000 after acquiring an additional 400,428 shares in the last quarter. Geode Capital Management LLC lifted its position in Huntington Ingalls Industries by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 1,116,501 shares of the aerospace company’s stock valued at $379,098,000 after acquiring an additional 56,618 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Huntington Ingalls Industries by 85.0% during the fourth quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock valued at $369,186,000 after acquiring an additional 498,690 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CEO Christopher D. Kastner sold 13,070 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the sale, the chief executive officer owned 11,224 shares of the company’s stock, valued at $3,646,902.08. The trade was a 53.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $294.09 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14. Huntington Ingalls Industries, Inc. has a 1 year low of $263.62 and a 1 year high of $460.00. The firm has a market capitalization of $11.59 billion, a PE ratio of 17.53, a P/E/G ratio of 1.11 and a beta of 0.24. The business’s 50 day moving average price is $296.49 and its 200-day moving average price is $344.43.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.48. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.86 earnings per share. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, August 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 32.90%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. TD Cowen lowered their price objective on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Wolfe Research upgraded Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price target for the company in a research note on Friday, July 31st. Wells Fargo & Company raised their price target on Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Finally, Sanford C. Bernstein set a $341.00 price objective on shares of Huntington Ingalls Industries in a report on Tuesday, August 25th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Moderate Buy” and a consensus price target of $368.88.

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.