Huntington Ingalls Industries, Inc. $HII Shares Bought by Gradient Investments LLC

Gradient Investments LLC lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 36.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,041 shares of the aerospace company’s stock after purchasing an additional 17,514 shares during the period. Gradient Investments LLC owned 0.17% of Huntington Ingalls Industries worth $17,638,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Personal CFO Solutions LLC boosted its stake in shares of Huntington Ingalls Industries by 3.7% in the first quarter. Personal CFO Solutions LLC now owns 775 shares of the aerospace company’s stock valued at $294,000 after purchasing an additional 28 shares during the period. Whittier Trust Co. increased its stake in Huntington Ingalls Industries by 2.5% during the 1st quarter. Whittier Trust Co. now owns 1,532 shares of the aerospace company’s stock worth $625,000 after buying an additional 38 shares during the period. EverSource Wealth Advisors LLC increased its stake in Huntington Ingalls Industries by 3.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,523 shares of the aerospace company’s stock worth $579,000 after buying an additional 44 shares during the period. Empirical Finance LLC lifted its holdings in Huntington Ingalls Industries by 3.3% during the 2nd quarter. Empirical Finance LLC now owns 1,480 shares of the aerospace company’s stock worth $414,000 after buying an additional 47 shares in the last quarter. Finally, Anchor Investment Management LLC boosted its position in Huntington Ingalls Industries by 44.0% in the 4th quarter. Anchor Investment Management LLC now owns 180 shares of the aerospace company’s stock valued at $61,000 after buying an additional 55 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on HII. Wolfe Research raised Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective on the stock in a research report on Friday, July 31st. Citigroup lifted 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. Wells Fargo & Company upped their price target on Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. TD Cowen reduced their price target on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.12.

Insider Activity at Huntington Ingalls Industries

In related news, CEO Christopher Kastner sold 13,070 shares of Huntington Ingalls Industries stock in a transaction on Monday, August 10th. The shares were sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the sale, the chief executive officer directly owned 11,224 shares in the company, valued at $3,646,902.08. This trade represents a 53.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 company insiders.

Huntington Ingalls Industries Stock Up 1.2%

NYSE HII traded up $3.09 during trading on Thursday, reaching $263.76. 131,731 shares of the company’s stock were exchanged, compared to its average volume of 527,248. The company has a 50 day moving average price of $292.72 and a two-hundred day moving average price of $314.76. The stock has a market cap of $10.39 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 0.99 and a beta of 0.21. Huntington Ingalls Industries, Inc. has a 1 year low of $256.79 and a 1 year high of $460.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.14 and a current ratio of 1.23.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were issued a $1.38 dividend. The ex-dividend date was Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Huntington Ingalls Industries’s dividend payout ratio is presently 32.90%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company that designs, builds, maintains and modernizes military ships and provides technology services to government and defense customers. Its principal customers include the U.S. Navy, Marine Corps, Coast Guard, intelligence agencies and other federal organizations.

Through Newport News Shipbuilding, HII builds and services nuclear-powered aircraft carriers and supports the construction and maintenance of nuclear-powered submarines.