Dark Forest Capital Management LP Sells 86 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Dark Forest Capital Management LP decreased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,227 shares of the aerospace company’s stock after selling 86 shares during the period. Dark Forest Capital Management LP’s holdings in Huntington Ingalls Industries were worth $302,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HII. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Huntington Ingalls Industries during the 2nd quarter valued at approximately $26,000. American National Bank bought a new stake in Huntington Ingalls Industries in the 1st quarter valued at $30,000. Riverview Trust Co purchased a new stake in Huntington Ingalls Industries in the 1st quarter worth $30,000. Fidelis Capital Partners LLC bought a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at about $31,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Huntington Ingalls Industries by 158.5% during the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $280.00 to $285.00 in a report on Monday, September 9th.

Huntington Ingalls Industries Trading Up 1.0 %

HII stock opened at $263.07 on Monday. The firm has a market cap of $10.37 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 2.33 and a beta of 0.52. The firm has a fifty day moving average price of $268.28 and a 200 day moving average price of $264.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. Huntington Ingalls Industries, Inc. has a fifty-two week low of $199.11 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the firm posted $3.27 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Friday, August 30th. Huntington Ingalls Industries’s payout ratio is 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.