nVerses Capital LLC Invests $172,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

nVerses Capital LLC purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 700 shares of the aerospace company’s stock, valued at approximately $172,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its holdings in Huntington Ingalls Industries by 4.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,621 shares of the aerospace company’s stock worth $681,000 after buying an additional 123 shares during the last quarter. SteelPeak Wealth LLC bought a new position in Huntington Ingalls Industries during the second quarter worth $1,769,000. UBS Group AG boosted its holdings in Huntington Ingalls Industries by 28.4% in the fourth quarter. UBS Group AG now owns 159,061 shares of the aerospace company’s stock worth $41,299,000 after purchasing an additional 35,142 shares during the period. SG Americas Securities LLC increased its stake in Huntington Ingalls Industries by 950.1% during the first quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock valued at $11,208,000 after purchasing an additional 34,792 shares during the last quarter. Finally, Prevatt Capital Ltd bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at $15,578,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $282.77 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76. Huntington Ingalls Industries, Inc. has a 12 month low of $199.11 and a 12 month high of $299.50. The stock has a fifty day moving average price of $262.51 and a 200 day moving average price of $267.87. The company has a market cap of $11.09 billion, a P/E ratio of 15.94, a PEG ratio of 2.46 and a beta of 0.53.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the business posted $3.27 EPS. Huntington Ingalls Industries’s revenue was up 6.8% on a year-over-year basis. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.55 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $1.30 dividend. The ex-dividend date is Friday, August 30th. This represents a $5.20 annualized dividend and a dividend yield of 1.84%. Huntington Ingalls Industries’s payout ratio is 29.31%.

Wall Street Analysts Forecast Growth

Separately, Citigroup started coverage on shares of Huntington Ingalls Industries in a research note on Monday, May 20th. They set a “buy” rating and a $310.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.