Wilbanks Smith & Thomas Asset Management LLC Increases Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,297 shares of the aerospace company’s stock after acquiring an additional 133 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $337,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HII. Concord Wealth Partners lifted its stake in Huntington Ingalls Industries by 1,435.0% during the 4th quarter. Concord Wealth Partners now owns 307 shares of the aerospace company’s stock valued at $80,000 after acquiring an additional 287 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 276.5% during the fourth quarter. Victory Capital Management Inc. now owns 7,120 shares of the aerospace company’s stock valued at $1,849,000 after purchasing an additional 5,229 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in Huntington Ingalls Industries by 0.5% during the fourth quarter. Kestra Private Wealth Services LLC now owns 10,418 shares of the aerospace company’s stock valued at $2,705,000 after purchasing an additional 48 shares during the period. Van ECK Associates Corp boosted its holdings in Huntington Ingalls Industries by 5,658.6% in the fourth quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company’s stock worth $177,655,000 after purchasing an additional 672,353 shares during the last quarter. Finally, Sargent Investment Group LLC purchased a new stake in Huntington Ingalls Industries in the fourth quarter worth approximately $238,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HII has been the topic of several research analyst reports. StockNews.com cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday. Barclays raised their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 900 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the transaction, the vice president now owns 19,100 shares of the company’s stock, valued at approximately $5,036,479. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the sale, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at approximately $655,380. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP D R. Wyatt sold 900 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $263.69, for a total transaction of $237,321.00. Following the sale, the vice president now owns 19,100 shares in the company, valued at approximately $5,036,479. The disclosure for this sale can be found here. Insiders have sold 8,472 shares of company stock valued at $2,398,345 over the last 90 days. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Trading Up 0.4 %

NYSE:HII opened at $246.25 on Friday. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 2.31 and a beta of 0.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89. The business has a fifty day moving average price of $283.26 and a 200-day moving average price of $261.27. Huntington Ingalls Industries, Inc. has a one year low of $188.51 and a one year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.37. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the prior year, the business posted $3.23 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, May 31st. 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.