Chicago Partners Investment Group LLC Takes Position in Huntington Ingalls Industries, Inc. $HII

Chicago Partners Investment Group LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,432 shares of the aerospace company’s stock, valued at approximately $428,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Korea Investment CORP purchased a new stake in Huntington Ingalls Industries during the second quarter worth $1,604,000. CWA Asset Management Group LLC raised its position in shares of Huntington Ingalls Industries by 51.2% in the 3rd quarter. CWA Asset Management Group LLC now owns 24,746 shares of the aerospace company’s stock worth $7,125,000 after acquiring an additional 8,384 shares in the last quarter. Primoris Wealth Advisors LLC purchased a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth $2,260,000. Markel Group Inc. boosted its position in Huntington Ingalls Industries by 13.9% during the second quarter. Markel Group Inc. now owns 20,500 shares of the aerospace company’s stock valued at $4,950,000 after purchasing an additional 2,500 shares in the last quarter. Finally, SS&H Financial Advisors Inc. grew its stake in Huntington Ingalls Industries by 76.7% in the third quarter. SS&H Financial Advisors Inc. now owns 8,120 shares of the aerospace company’s stock valued at $2,338,000 after purchasing an additional 3,525 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 850 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the sale, the vice president directly owned 8,731 shares of the company’s stock, valued at $2,754,106.64. This represents a 8.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Chad N. Boudreaux sold 787 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total transaction of $247,251.79. Following the completion of the sale, the vice president owned 20,441 shares in the company, valued at $6,421,948.97. The trade was a 3.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 17,103 shares of company stock valued at $5,477,768. 0.86% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Down 1.3%

Huntington Ingalls Industries stock opened at $418.62 on Monday. The business’s 50-day simple moving average is $348.34 and its two-hundred day simple moving average is $303.35. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.14. The company has a market cap of $16.43 billion, a PE ratio of 28.91, a PEG ratio of 1.68 and a beta of 0.36. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $432.00.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results 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 during 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 company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.56 earnings per share. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on HII shares. Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Sanford C. Bernstein reissued a “market perform” rating and set a $362.00 target price on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Thursday. Finally, TD Cowen raised 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. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $343.63.

Huntington Ingalls Industries Company Profile

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.