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

Leonteq Securities AG acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,140 shares of the aerospace company’s stock, valued at approximately $728,000.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. increased its stake in shares of Huntington Ingalls Industries by 87.2% during the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 41 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth about $25,000. Rakuten Securities Inc. increased its stake in shares of Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the last quarter. Community Bank N.A. acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth about $35,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth about $42,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 1.0%

Shares of HII opened at $320.88 on Friday. Huntington Ingalls Industries, Inc. has a 52 week low of $215.04 and a 52 week high of $460.00. The firm has a market cap of $12.64 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.35 and a beta of 0.29. The firm’s 50-day simple moving average is $373.54 and its 200 day simple moving average is $371.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the business earned $3.79 EPS. Huntington Ingalls Industries’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post 17.29 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HII shares. Sanford C. Bernstein restated a “market perform” rating and set a $421.00 price objective on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Citigroup decreased their price target on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Bank of America upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their price target for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Finally, Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $388.50.

Insider Transactions at Huntington Ingalls Industries

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 value of $1,858,780.00. Following the completion of the sale, the vice president 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Eric D. Chewning sold 1,700 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were 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 directly owned 1,949 shares of the company’s stock, valued at $844,774.56. This represents a 46.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is currently owned by corporate insiders.

About Huntington Ingalls Industries

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.