6,952 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,952 shares of the aerospace company's stock, valued at approximately $1,838,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HII. Rosenberg Matthew Hamilton boosted its holdings in shares of Huntington Ingalls Industries by 8.2% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company's stock valued at $139,000 after buying an additional 40 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its stake in Huntington Ingalls Industries by 9.1% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company's stock valued at $121,000 after acquiring an additional 41 shares during the last quarter. Ballentine Partners LLC grew its position in shares of Huntington Ingalls Industries by 1.6% in the 2nd quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company's stock valued at $647,000 after acquiring an additional 42 shares during the period. QRG Capital Management Inc. increased its stake in shares of Huntington Ingalls Industries by 1.4% during the 3rd quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company's stock worth $939,000 after purchasing an additional 48 shares during the last quarter. Finally, Inscription Capital LLC increased its stake in shares of Huntington Ingalls Industries by 4.4% during the 3rd quarter. Inscription Capital LLC now owns 1,310 shares of the aerospace company's stock worth $346,000 after purchasing an additional 55 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HII has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Vertical Research lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 target price on the stock. in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating for the company in a report on Friday, November 1st. StockNews.com cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Finally, Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price objective on the stock. in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $228.89.

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the transaction, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII traded up $1.29 during midday trading on Friday, reaching $192.14. The company's stock had a trading volume of 523,659 shares, compared to its average volume of 355,266. The business's 50 day moving average price is $217.57 and its two-hundred day moving average price is $245.37. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The company has a market cap of $7.52 billion, a P/E ratio of 10.85, a P/E/G ratio of 1.86 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the company posted $3.70 earnings per share. The business's revenue for the quarter was down 2.4% compared to the same quarter last year. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $1.35 dividend. This is a positive change from Huntington Ingalls Industries's previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.81%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 30.49%.

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.