Huntington Ingalls Industries, Inc. $HII Holdings Raised by Alpha Wave Global LP

Alpha Wave Global LP raised its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,087 shares of the aerospace company’s stock after buying an additional 4,929 shares during the period. Huntington Ingalls Industries comprises about 0.9% of Alpha Wave Global LP’s investment portfolio, making the stock its 12th biggest holding. Alpha Wave Global LP owned 0.08% of Huntington Ingalls Industries worth $8,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Maverick Capital Ltd. bought a new stake in Huntington Ingalls Industries during the 2nd quarter worth about $93,332,000. Orion Porfolio Solutions LLC raised its stake in shares of Huntington Ingalls Industries by 3,576.2% in the second quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock worth $47,268,000 after acquiring an additional 190,434 shares during the last quarter. Sunriver Management LLC acquired a new position in shares of Huntington Ingalls Industries during the second quarter worth approximately $31,532,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Huntington Ingalls Industries by 58.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,080 shares of the aerospace company’s stock valued at $67,145,000 after purchasing an additional 102,315 shares during the last quarter. Finally, Citigroup Inc. grew its stake in shares of Huntington Ingalls Industries by 83.5% during the third quarter. Citigroup Inc. now owns 205,133 shares of the aerospace company’s stock valued at $59,060,000 after purchasing an additional 93,371 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $415.15 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $16.29 billion, a P/E ratio of 27.01, a P/E/G ratio of 1.69 and a beta of 0.32. Huntington Ingalls Industries, Inc. has a 12 month low of $177.42 and a 12 month high of $460.00. The stock has a 50 day moving average of $416.32 and a 200-day moving average of $341.42.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the prior year, the business earned $3.15 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $1.38 dividend. The ex-dividend date was Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Insider Transactions at Huntington Ingalls Industries

In other news, EVP Eric D. Chewning sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the sale, the executive vice president owned 1,949 shares in the company, valued at $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Chad N. Boudreaux sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the transaction, the vice president directly owned 20,360 shares in the company, valued at $8,601,082. The trade was a 17.77% decrease in their position. The SEC filing for this sale provides additional information. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HII has been the subject of several research analyst reports. Bank of America upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $300.00 to $400.00 in a research report on Thursday, February 12th. Citigroup lifted their target price on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Weiss Ratings lowered Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Finally, TD Cowen raised their price target on Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a report on Friday, March 6th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $384.13.

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.