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

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 21.2% in the third quarter, Holdings Channel reports. The firm owned 12,757 shares of the aerospace company’s stock after purchasing an additional 2,229 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Huntington Ingalls Industries were worth $3,673,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Evergreen Capital Management LLC raised its holdings in shares of Huntington Ingalls Industries by 3.9% in the third quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock worth $291,000 after buying an additional 38 shares during the last quarter. O Keefe Stevens Advisory Inc. raised its stake in Huntington Ingalls Industries by 0.7% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 5,758 shares of the aerospace company’s stock worth $1,658,000 after acquiring an additional 40 shares during the last quarter. Spire Wealth Management lifted its position in Huntington Ingalls Industries by 12.6% during the 3rd quarter. Spire Wealth Management now owns 367 shares of the aerospace company’s stock worth $106,000 after acquiring an additional 41 shares during the period. Byrne Asset Management LLC grew its stake in Huntington Ingalls Industries by 1.0% during the 3rd quarter. Byrne Asset Management LLC now owns 4,498 shares of the aerospace company’s stock valued at $1,295,000 after purchasing an additional 44 shares during the last quarter. Finally, Pullen Investment Management LLC increased its holdings in shares of Huntington Ingalls Industries by 0.3% in the second quarter. Pullen Investment Management LLC now owns 15,876 shares of the aerospace company’s stock valued at $3,833,000 after purchasing an additional 46 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of research reports. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Thursday, January 22nd. TD Cowen increased their price objective on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Finally, Citigroup upped their price target on shares of Huntington Ingalls Industries from $376.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average price target of $343.63.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $425.11 on Thursday. The company has a market capitalization of $16.68 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.70 and a beta of 0.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.14. The company’s fifty day moving average price is $354.99 and its 200 day moving average price is $306.44. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $432.00.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.95 billion. During the same quarter in the prior year, the firm posted $2.56 earnings per share. The company’s revenue was up 16.1% compared to the same quarter last year. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 850 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $315.44, for a total value of $268,124.00. Following the sale, the vice president directly owned 8,731 shares of the company’s stock, valued at approximately $2,754,106.64. This trade represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Chad N. Boudreaux sold 787 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president owned 20,441 shares of the company’s stock, valued at $6,421,948.97. This trade represents a 3.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,103 shares of company stock valued at $5,477,768 over the last quarter. Insiders own 0.86% of the company’s stock.

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.