Carnegie Investment Counsel Has $14.76 Million Holdings in Huntington Ingalls Industries, Inc. $HII

Carnegie Investment Counsel decreased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,273 shares of the aerospace company’s stock after selling 1,535 shares during the period. Carnegie Investment Counsel owned about 0.13% of Huntington Ingalls Industries worth $14,762,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. CYBER HORNET ETFs LLC acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. boosted its position in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the period. SouthState Corp boosted its position in Huntington Ingalls Industries by 310.0% during the second quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 93 shares during the period. Anchor Investment Management LLC increased its holdings in shares of Huntington Ingalls Industries by 400.0% in the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 100 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Huntington Ingalls Industries by 363.3% in the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 109 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 850 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the transaction, the vice president directly owned 8,731 shares of the company’s stock, valued at $2,754,106.64. This trade represents a 8.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Nicolas G. Schuck sold 466 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total transaction of $146,491.76. Following the sale, the chief accounting officer directly owned 2,418 shares of the company’s stock, valued at approximately $760,122.48. This trade represents a 16.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 17,103 shares of company stock valued at $5,477,768. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Down 1.2%

Shares of HII stock opened at $351.11 on Friday. The stock has a market cap of $13.78 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 1.71 and a beta of 0.37. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $360.20. The company has a current ratio of 1.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. The stock has a 50 day simple moving average of $315.98 and a 200 day simple moving average of $281.83.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The company’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company earned $2.56 EPS. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a dividend of $1.38 per share. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.12%.

Analyst Ratings Changes

HII has been the subject of several research analyst reports. Citigroup assumed coverage on shares of Huntington Ingalls Industries in a report on Friday, December 12th. They set a “buy” rating and a $376.00 target price for the company. The Goldman Sachs Group upped their target price on Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wall Street Zen raised Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. JPMorgan Chase & Co. boosted their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, TD Cowen increased their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus price target of $325.75.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.