Anfield Capital Management LLC Takes Position in Huntington Ingalls Industries, Inc. $HII

Anfield Capital Management LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,255 shares of the aerospace company’s stock, valued at approximately $2,377,000. Huntington Ingalls Industries makes up 0.7% of Anfield Capital Management LLC’s holdings, making the stock its 28th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HII. Geneos Wealth Management Inc. increased its position in shares of Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 59 shares during the period. Asset Management One Co. Ltd. boosted its stake in Huntington Ingalls Industries by 13.9% during the second quarter. Asset Management One Co. Ltd. now owns 1,298 shares of the aerospace company’s stock worth $313,000 after buying an additional 158 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in Huntington Ingalls Industries in the 2nd quarter valued at $258,000. Wealthfront Advisers LLC raised its stake in shares of Huntington Ingalls Industries by 4.9% in the 2nd quarter. Wealthfront Advisers LLC now owns 1,237 shares of the aerospace company’s stock valued at $299,000 after buying an additional 58 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Huntington Ingalls Industries by 21.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 112,759 shares of the aerospace company’s stock worth $27,227,000 after acquiring an additional 20,063 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $444.53 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Huntington Ingalls Industries, Inc. has a 1-year low of $167.70 and a 1-year high of $451.86. The stock has a market capitalization of $17.44 billion, a P/E ratio of 28.92, a P/E/G ratio of 1.81 and a beta of 0.34. The business has a 50-day moving average price of $400.70 and a two-hundred day moving average price of $330.32.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $3.09 billion. During the same quarter last year, the firm earned $3.15 EPS. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 27th. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. TD Cowen increased their price target on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 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 note on Wednesday, February 11th. The Goldman Sachs Group raised their target price on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $370.38.

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.