Atria Investments Inc Has $5.12 Million Position in Huntington Ingalls Industries, Inc. $HII

Atria Investments Inc lifted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 125.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,791 shares of the aerospace company’s stock after acquiring an additional 9,905 shares during the period. Atria Investments Inc’s holdings in Huntington Ingalls Industries were worth $5,122,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a research report on Wednesday. JPMorgan Chase & Co. raised their target price 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. Citigroup lifted their price target on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $370.38.

Huntington Ingalls Industries Trading Up 2.9%

NYSE:HII opened at $418.58 on Friday. The company has a market cap of $16.43 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.76 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a twelve month low of $159.41 and a twelve month high of $436.14. The business has a 50 day moving average price of $378.58 and a two-hundred day moving average price of $319.04. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53.

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

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $1.38 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 35.91%.

Insider Transactions at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 787 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total value of $247,251.79. Following the completion of the sale, the vice president owned 20,441 shares of the company’s stock, valued at approximately $6,421,948.97. This represents a 3.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Edmond E. Jr. Hughes sold 850 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total transaction of $268,124.00. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries 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.