Leonteq Securities AG Invests $728,000 in Huntington Ingalls Industries, Inc. $HII

Leonteq Securities AG acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,140 shares of the aerospace company’s stock, valued at approximately $728,000.

Several other institutional investors have also added to or reduced their stakes in HII. CYBER HORNET ETFs LLC bought a new stake in Huntington Ingalls Industries in the 2nd quarter valued at $25,000. Rakuten Securities Inc. lifted its position in Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 63 shares in the last quarter. NBC Securities Inc. lifted its position in Huntington Ingalls Industries by 87.2% in the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 41 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Huntington Ingalls Industries by 363.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 109 shares in the last quarter. Finally, Community Bank N.A. bought a new stake in Huntington Ingalls Industries in the 3rd quarter valued at $35,000. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on HII. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. TD Cowen cut their price objective on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Bank of America raised shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $300.00 to $400.00 in a research report on Thursday, February 12th. Finally, Wall Street Zen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $388.50.

Insider Activity

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 4,400 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the sale, the vice president directly owned 20,360 shares of the company’s stock, valued at $8,601,082. The trade was a 17.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Eric D. Chewning sold 1,700 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the sale, the executive vice president directly owned 1,949 shares in the company, valued at $844,774.56. This trade represents a 46.59% 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.

Huntington Ingalls Industries Trading Up 1.0%

Shares of NYSE:HII opened at $320.88 on Friday. The company’s 50-day moving average price is $373.54 and its two-hundred day moving average price is $371.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. Huntington Ingalls Industries, Inc. has a one year low of $215.04 and a one year high of $460.00. The stock has a market capitalization of $12.64 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 1.35 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the firm posted $3.79 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 17.29 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.7%. Huntington Ingalls Industries’s payout ratio is 35.91%.

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.