Huntington Ingalls Industries Inc (NYSE:HII) Stake Raised by Jane Street Group LLC

Jane Street Group LLC increased its holdings in Huntington Ingalls Industries Inc (NYSE:HII) by 26.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,488 shares of the aerospace company’s stock after acquiring an additional 8,967 shares during the period. Jane Street Group LLC owned about 0.10% of Huntington Ingalls Industries worth $9,773,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Piedmont Investment Advisors Inc. raised its stake in shares of Huntington Ingalls Industries by 1.7% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 3,323 shares of the aerospace company’s stock worth $689,000 after purchasing an additional 55 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Huntington Ingalls Industries by 6.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,041 shares of the aerospace company’s stock worth $216,000 after purchasing an additional 59 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Huntington Ingalls Industries by 1.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 5,647 shares of the aerospace company’s stock worth $1,265,000 after purchasing an additional 62 shares in the last quarter. Advisor Partners LLC raised its stake in shares of Huntington Ingalls Industries by 5.1% during the 2nd quarter. Advisor Partners LLC now owns 1,474 shares of the aerospace company’s stock worth $331,000 after purchasing an additional 71 shares in the last quarter. Finally, Coastal Investment Advisors Inc. raised its stake in shares of Huntington Ingalls Industries by 3.9% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,165 shares of the aerospace company’s stock worth $485,000 after purchasing an additional 81 shares in the last quarter. 86.77% of the stock is owned by hedge funds and other institutional investors.

HII has been the subject of a number of recent research reports. Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research note on Monday, August 5th. Buckingham Research lowered their price objective on Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. ValuEngine lowered Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a report on Friday. Finally, Bank of America lowered their price objective on Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $240.10.

Shares of NYSE HII traded down $3.64 during mid-day trading on Friday, reaching $214.82. 444,005 shares of the company traded hands, compared to its average volume of 238,445. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.05 and a current ratio of 1.12. The stock has a market cap of $9.08 billion, a PE ratio of 11.25 and a beta of 1.17. The company’s fifty day moving average is $209.93 and its two-hundred day moving average is $214.55. Huntington Ingalls Industries Inc has a fifty-two week low of $173.80 and a fifty-two week high of $262.32.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, August 1st. The aerospace company reported $3.07 EPS for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.49). The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.13 billion. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $5.40 EPS. Research analysts forecast that Huntington Ingalls Industries Inc will post 13.96 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Thursday, August 29th. Huntington Ingalls Industries’s dividend payout ratio is 18.02%.

In other news, VP Jerri F. Dickseski sold 1,874 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $228.68, for a total transaction of $428,546.32. Following the transaction, the vice president now owns 34,033 shares of the company’s stock, valued at approximately $7,782,666.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.65% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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