O Domhnaill Enterprises Inc. Takes Position in Huntington Ingalls Industries, Inc. $HII

O Domhnaill Enterprises Inc. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,705 shares of the aerospace company’s stock, valued at approximately $1,028,000.

Other institutional investors also recently modified their holdings of the company. Bayban acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at about $27,000. NBC Securities Inc. boosted its stake in shares of 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 purchasing an additional 41 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Huntington Ingalls Industries in the second quarter valued at $25,000. Rakuten Securities Inc. boosted its position in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 63 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at $38,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 1.6%

Shares of HII traded down $4.71 on Tuesday, reaching $289.39. The company’s stock had a trading volume of 53,981 shares, compared to its average volume of 544,497. Huntington Ingalls Industries, Inc. has a twelve month low of $246.34 and a twelve month high of $460.00. The stock has a market capitalization of $11.40 billion, a PE ratio of 18.80, a PEG ratio of 1.23 and a beta of 0.25. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average of $309.03 and a 200-day moving average of $367.91.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data 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 return on equity of 12.05% and a net margin of 4.71%.The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the business posted $3.79 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 35.91%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company began coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 target price for the company. Weiss Ratings lowered Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Citigroup cut their target price on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. TD Cowen reduced their price target on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Finally, Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $381.50.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were 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 approximately $2,681,595.78. This represents a 29.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.80% of the stock is owned by insiders.

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.