XTX Topco Ltd Raises Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

XTX Topco Ltd increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 10.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,504 shares of the aerospace company’s stock after purchasing an additional 324 shares during the period. XTX Topco Ltd’s holdings in Huntington Ingalls Industries were worth $863,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Avantax Advisory Services Inc. purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at $317,000. Janney Montgomery Scott LLC raised its stake in Huntington Ingalls Industries by 4.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,492 shares of the aerospace company’s stock valued at $1,426,000 after purchasing an additional 231 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Huntington Ingalls Industries by 11.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,393 shares of the aerospace company’s stock valued at $3,218,000 after purchasing an additional 1,290 shares during the last quarter. UBS Group AG lifted its holdings in Huntington Ingalls Industries by 28.4% in the 4th quarter. UBS Group AG now owns 159,061 shares of the aerospace company’s stock valued at $41,299,000 after purchasing an additional 35,142 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth about $318,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $275.50.

Huntington Ingalls Industries Stock Down 0.2 %

Shares of NYSE:HII opened at $267.51 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 2.24 and a beta of 0.52. The stock’s 50-day moving average price is $268.58 and its two-hundred day moving average price is $265.78. Huntington Ingalls Industries, Inc. has a 12-month low of $199.11 and a 12-month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) 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 business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the company earned $3.27 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.57 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company 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. The ex-dividend date was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.94%. Huntington Ingalls Industries’s payout ratio is 29.31%.

Huntington Ingalls Industries 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.