Kapitalo Investimentos Ltda Takes Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Kapitalo Investimentos Ltda acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,048 shares of the aerospace company’s stock, valued at approximately $277,000.

Several other large investors also recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of Huntington Ingalls Industries by 3.1% in the third quarter. Creative Planning now owns 6,099 shares of the aerospace company’s stock worth $1,612,000 after purchasing an additional 181 shares in the last quarter. CX Institutional boosted its holdings in Huntington Ingalls Industries by 4.6% in the 3rd quarter. CX Institutional now owns 3,182 shares of the aerospace company’s stock worth $841,000 after buying an additional 141 shares during the period. Kathleen S. Wright Associates Inc. purchased a new position in Huntington Ingalls Industries in the 3rd quarter valued at approximately $29,000. Compagnie Lombard Odier SCmA raised its holdings in Huntington Ingalls Industries by 169.9% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,969 shares of the aerospace company’s stock valued at $785,000 after acquiring an additional 1,869 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Huntington Ingalls Industries during the third quarter worth $102,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HII shares. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $280.00 to $285.00 in a report on Monday, September 9th. Finally, Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and a consensus price target of $290.00.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $259.26 on Wednesday. The business has a 50-day simple moving average of $265.94 and a 200 day simple moving average of $261.88. Huntington Ingalls Industries, Inc. has a 52 week low of $212.58 and a 52 week high of $299.50. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.25 and a beta of 0.52. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the business earned $3.27 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.56 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

About Huntington Ingalls Industries

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.