Envestnet Asset Management Inc. Has $34.87 Million Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Envestnet Asset Management Inc. raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 121,116 shares of the aerospace company’s stock after purchasing an additional 8,357 shares during the period. Envestnet Asset Management Inc. owned 0.31% of Huntington Ingalls Industries worth $34,870,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HII. CYBER HORNET ETFs LLC bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. raised its holdings in shares of Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares during the period. SouthState Corp increased its position in Huntington Ingalls Industries by 310.0% in the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock valued at $30,000 after buying an additional 93 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in Huntington Ingalls Industries by 400.0% in the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 100 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Huntington Ingalls Industries by 120.0% during the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

HII has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised their price objective 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. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. TD Cowen raised their price target on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $352.88.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 787 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total value of $247,251.79. Following the transaction, the vice president directly owned 20,441 shares in the company, valued at approximately $6,421,948.97. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Edmond E. Jr. Hughes sold 850 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $315.44, for a total value of $268,124.00. Following the completion of the transaction, the vice president owned 8,731 shares of the company’s stock, valued at $2,754,106.64. The trade was a 8.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

HII opened at $393.26 on Thursday. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 1.68 and a beta of 0.34. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $374.49 and a 200-day moving average price of $316.93. Huntington Ingalls Industries, Inc. has a twelve month low of $159.41 and a twelve month high of $436.14.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the company earned $3.15 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $1.38 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.4%. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

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.