denkapparat Operations GmbH Invests $523,000 in Huntington Ingalls Industries, Inc. $HII

denkapparat Operations GmbH bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,870 shares of the aerospace company’s stock, valued at approximately $523,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Huntington Ingalls Industries during the second quarter valued at about $944,877,000. Northwestern Mutual Wealth Management Co. raised its stake in Huntington Ingalls Industries by 38,526.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock valued at $675,572,000 after buying an additional 1,981,424 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Huntington Ingalls Industries by 85.0% in the fourth quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock worth $369,186,000 after buying an additional 498,690 shares during the period. Van ECK Associates Corp raised its position in shares of Huntington Ingalls Industries by 32.1% during the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after buying an additional 400,428 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Huntington Ingalls Industries by 588.1% during the fourth quarter. Marshall Wace LLP now owns 351,879 shares of the aerospace company’s stock valued at $119,663,000 after purchasing an additional 300,740 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

HII has been the topic of several recent research reports. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Wells Fargo & Company upped their price objective on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Citigroup increased their target price on Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a report on Friday, July 31st. Sanford C. Bernstein set a $341.00 price target on Huntington Ingalls Industries in a research report on Tuesday, August 25th. Finally, Wolfe Research raised Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price target for the company in a report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.88.

Insider Transactions at Huntington Ingalls Industries

In other news, CEO Christopher Kastner sold 13,070 shares of Huntington Ingalls Industries stock in a transaction on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the transaction, the chief executive officer directly owned 11,224 shares in the company, valued at approximately $3,646,902.08. The trade was a 53.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Down 1.9%

Shares of HII stock opened at $285.30 on Friday. The firm has a market cap of $11.24 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.09 and a beta of 0.23. Huntington Ingalls Industries, Inc. has a 12 month low of $263.62 and a 12 month high of $460.00. The stock has a 50 day moving average of $297.43 and a 200-day moving average of $340.83. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, beating the consensus estimate of $3.79 by $1.48. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.86 earnings per share. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio is currently 32.90%.

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.