Pallas Capital Advisors LLC Buys 1,797 Shares of Huntington Ingalls Industries, Inc. $HII

Pallas Capital Advisors LLC lifted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 119.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,307 shares of the aerospace company’s stock after purchasing an additional 1,797 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of HII. CYBER HORNET ETFs LLC bought a new stake in Huntington Ingalls Industries during the 2nd quarter valued at about $25,000. Rakuten Securities Inc. lifted its stake in shares of Huntington Ingalls Industries by 140.0% in the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after buying an additional 63 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Huntington Ingalls Industries by 120.0% during the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after buying an additional 60 shares during the last quarter. Community Bank N.A. bought a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $35,000. Finally, Anchor Investment Management LLC increased its position in shares of Huntington Ingalls Industries by 400.0% during the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, EVP Eric D. Chewning sold 1,700 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the transaction, the executive vice president owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. This represents a 46.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chad N. Boudreaux sold 4,400 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the transaction, the vice president directly owned 20,360 shares in the company, valued at approximately $8,601,082. This represents a 17.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HII. Weiss Ratings upgraded shares of Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 19th. Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $300.00 to $400.00 in a report on Thursday, February 12th. Citigroup boosted their price target on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Finally, TD Cowen increased their price objective on Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $384.13.

Huntington Ingalls Industries Stock Down 0.0%

HII opened at $381.66 on Monday. The stock has a market capitalization of $14.98 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 1.56 and a beta of 0.32. The firm has a 50 day moving average price of $419.10 and a 200-day moving average price of $351.94. Huntington Ingalls Industries, Inc. has a twelve month low of $177.42 and a twelve month high of $460.00. 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 issued its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $3.09 billion. During the same quarter last year, the company posted $3.15 earnings per share. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

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.