GSA Capital Partners LLP Invests $2.01 Million in Huntington Ingalls Industries, Inc. $HII

GSA Capital Partners LLP bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 7,186 shares of the aerospace company’s stock, valued at approximately $2,011,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HII. Avalon Trust Co bought a new stake in Huntington Ingalls Industries in the 2nd quarter valued at about $307,000. USA Financial Formulas bought a new position in Huntington Ingalls Industries in the first quarter worth approximately $542,000. Insight Wealth Strategies LLC grew its stake in Huntington Ingalls Industries by 70.0% in the second quarter. Insight Wealth Strategies LLC now owns 22,484 shares of the aerospace company’s stock valued at $6,272,000 after acquiring an additional 9,261 shares during the period. Tema ETFs LLC grew its stake in Huntington Ingalls Industries by 9.7% in the second quarter. Tema ETFs LLC now owns 1,641 shares of the aerospace company’s stock valued at $459,000 after acquiring an additional 145 shares during the period. Finally, Fiduciary Financial Group LLC bought a new stake in shares of Huntington Ingalls Industries during the second quarter valued at approximately $335,000. 90.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Huntington Ingalls Industries news, CEO Christopher D. Kastner sold 13,070 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 11,224 shares of the company’s stock, valued at $3,646,902.08. This trade represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the sale, the vice president directly owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This represents a 29.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HII. Wolfe Research raised shares of 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 report on Friday, July 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Huntington Ingalls Industries in a report on Monday, August 3rd. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Wells Fargo & Company lifted their price objective on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Finally, Citigroup boosted their target price on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $378.88.

Huntington Ingalls Industries Price Performance

HII opened at $327.90 on Friday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $262.66 and a fifty-two week high of $460.00. The firm has a 50-day moving average of $294.87 and a 200 day moving average of $352.67. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.14 and a current ratio of 1.23. The firm has a market cap of $12.92 billion, a P/E ratio of 19.54, a PEG ratio of 1.26 and a beta of 0.24.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping the consensus estimate of $3.79 by $1.48. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.15 billion. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.86 earnings per share. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 18.19 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a dividend of $1.38 per share. The ex-dividend date is Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 32.90%.

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.