Ritholtz Wealth Management Takes $281,000 Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Ritholtz Wealth Management purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,083 shares of the aerospace company’s stock, valued at approximately $281,000.

A number of other institutional investors have also modified their holdings of the company. Capital Investment Counsel Inc boosted its holdings in shares of Huntington Ingalls Industries by 0.5% in the 3rd quarter. Capital Investment Counsel Inc now owns 8,274 shares of the aerospace company’s stock valued at $1,693,000 after buying an additional 44 shares in the last quarter. Horizon Investments LLC boosted its holdings in shares of Huntington Ingalls Industries by 7.7% in the 2nd quarter. Horizon Investments LLC now owns 669 shares of the aerospace company’s stock valued at $152,000 after buying an additional 48 shares in the last quarter. Martin Capital Partners LLC boosted its holdings in shares of Huntington Ingalls Industries by 2.0% in the 3rd quarter. Martin Capital Partners LLC now owns 2,548 shares of the aerospace company’s stock valued at $521,000 after buying an additional 49 shares in the last quarter. Wills Financial Group Inc. raised its position in shares of Huntington Ingalls Industries by 4.6% in the 3rd quarter. Wills Financial Group Inc. now owns 1,135 shares of the aerospace company’s stock valued at $232,000 after purchasing an additional 50 shares during the last quarter. Finally, Naples Global Advisors LLC raised its position in shares of Huntington Ingalls Industries by 0.7% in the 3rd quarter. Naples Global Advisors LLC now owns 7,019 shares of the aerospace company’s stock valued at $1,436,000 after purchasing an additional 51 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Performance

HII opened at $287.60 on Tuesday. Huntington Ingalls Industries, Inc. has a 12-month low of $188.51 and a 12-month high of $299.50. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $11.39 billion, a PE ratio of 16.82, a P/E/G ratio of 2.75 and a beta of 0.60. The firm has a 50 day moving average of $281.73 and a two-hundred day moving average of $250.85.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period last year, the firm posted $3.07 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.36 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio is presently 30.41%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HII. Barclays increased their price objective on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. increased their price objective 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. Finally, StockNews.com raised shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th.

Check Out Our Latest Stock Report on Huntington Ingalls Industries

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 3,603 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the completion of the transaction, the vice president now directly owns 7,461 shares of the company’s stock, valued at approximately $2,169,285.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Nicolas G. Schuck sold 1,293 shares of Huntington Ingalls Industries 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 transaction, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at approximately $655,380. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Edgar A. Green III sold 3,603 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the transaction, the vice president now directly owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,472 shares of company stock valued at $2,398,345. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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