CWA Asset Management Group LLC Acquires 8,384 Shares of Huntington Ingalls Industries, Inc. $HII

CWA Asset Management Group LLC raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 51.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,746 shares of the aerospace company’s stock after purchasing an additional 8,384 shares during the quarter. CWA Asset Management Group LLC owned 0.06% of Huntington Ingalls Industries worth $7,125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. O Keefe Stevens Advisory Inc. lifted its position in shares of Huntington Ingalls Industries by 0.7% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 5,758 shares of the aerospace company’s stock worth $1,658,000 after buying an additional 40 shares during the last quarter. Pullen Investment Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 0.3% in the second quarter. Pullen Investment Management LLC now owns 15,876 shares of the aerospace company’s stock worth $3,833,000 after acquiring an additional 46 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Huntington Ingalls Industries by 4.2% in the third quarter. Wedmont Private Capital now owns 1,151 shares of the aerospace company’s stock worth $328,000 after acquiring an additional 46 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Huntington Ingalls Industries by 27.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 224 shares of the aerospace company’s stock valued at $54,000 after purchasing an additional 48 shares in the last quarter. Finally, Pitcairn Co. grew its holdings in shares of Huntington Ingalls Industries by 4.1% during the 2nd quarter. Pitcairn Co. now owns 1,266 shares of the aerospace company’s stock valued at $306,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HII shares. Wall Street Zen raised shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. Citigroup assumed coverage on Huntington Ingalls Industries in a research note on Friday, December 12th. They issued a “buy” rating and a $376.00 price target for the company. Sanford C. Bernstein restated a “market perform” rating and set a $362.00 price objective on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. TD Cowen upped their target price on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. increased their target price on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $325.75.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $349.68 on Monday. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 1.48 and a beta of 0.36. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $360.20. The company’s fifty day moving average is $321.37 and its 200 day moving average is $286.56. The company has a quick ratio of 1.06, a current ratio of 1.14 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, topping the consensus estimate of $3.29 by $0.39. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.56 EPS. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

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

Insider Activity

In other news, CEO Christopher D. Kastner sold 15,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the completion of the sale, the chief executive officer directly owned 68,139 shares in the company, valued at $21,876,707.34. This represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Nicolas G. Schuck sold 466 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total transaction of $146,491.76. Following the completion of the transaction, the chief accounting officer owned 2,418 shares in the company, valued at approximately $760,122.48. The trade was a 16.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 17,103 shares of company stock worth $5,477,768. 0.72% of the stock is owned by company insiders.

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.