Focus Partners Advisor Solutions LLC Has $1.28 Million Stock Position in Huntington Ingalls Industries, Inc. $HII

Focus Partners Advisor Solutions LLC grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 291.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,190 shares of the aerospace company’s stock after acquiring an additional 3,120 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Huntington Ingalls Industries were worth $1,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HII. Korea Investment CORP acquired a new stake in shares of Huntington Ingalls Industries in the second quarter valued at approximately $1,604,000. Primoris Wealth Advisors LLC acquired a new stake in Huntington Ingalls Industries during the third quarter worth approximately $2,260,000. CWA Asset Management Group LLC increased its stake in Huntington Ingalls Industries by 51.2% during 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 during the period. SS&H Financial Advisors Inc. increased its stake in Huntington Ingalls Industries by 76.7% during the 3rd quarter. SS&H Financial Advisors Inc. now owns 8,120 shares of the aerospace company’s stock worth $2,338,000 after acquiring an additional 3,525 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Huntington Ingalls Industries by 31.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,560 shares of the aerospace company’s stock valued at $3,502,000 after acquiring an additional 2,990 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HII. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their target price for the company from $300.00 to $400.00 in a research report on Thursday, February 12th. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Citigroup boosted their price target on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $384.13.

Huntington Ingalls Industries Stock Up 2.2%

Shares of NYSE HII opened at $430.37 on Friday. The company has a 50 day simple moving average of $408.85 and a 200 day simple moving average of $336.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. Huntington Ingalls Industries, Inc. has a 1 year low of $177.42 and a 1 year high of $460.00. The firm has a market cap of $16.89 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 1.72 and a beta of 0.32.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly 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. The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The company’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.15 EPS. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

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

Insider Transactions at Huntington Ingalls Industries

In related news, EVP Eric D. Chewning sold 1,700 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the transaction, the executive vice president directly owned 1,949 shares of the company’s stock, valued at $844,774.56. This trade represents a 46.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate 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.