Farther Finance Advisors LLC Purchases 1,408 Shares of Huntington Ingalls Industries, Inc. $HII

Farther Finance Advisors LLC boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 168.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,243 shares of the aerospace company’s stock after purchasing an additional 1,408 shares during the quarter. Farther Finance Advisors LLC’s holdings in Huntington Ingalls Industries were worth $763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sage Mountain Advisors LLC bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth about $274,000. Assetmark Inc. raised its holdings in shares of Huntington Ingalls Industries by 16.1% in the 4th quarter. Assetmark Inc. now owns 34,470 shares of the aerospace company’s stock worth $11,722,000 after acquiring an additional 4,781 shares during the last quarter. Intelligence Driven Advisers LLC bought a new position in Huntington Ingalls Industries in the 4th quarter valued at about $204,000. Transcend Capital Advisors LLC acquired a new position in Huntington Ingalls Industries during the 4th quarter valued at about $363,000. Finally, Old North State Wealth Management LLC boosted its stake in Huntington Ingalls Industries by 5.7% during the 4th quarter. Old North State Wealth Management LLC now owns 19,239 shares of the aerospace company’s stock valued at $6,558,000 after purchasing an additional 1,045 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HII. The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. TD Cowen upped their price target on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Wall Street Zen cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, Wells Fargo & Company initiated coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Moderate Buy” and a consensus target price of $383.22.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $370.20 on Friday. The business’s fifty day simple moving average is $410.91 and its 200 day simple moving average is $365.95. The firm has a market capitalization of $14.53 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 1.49 and a beta of 0.36. Huntington Ingalls Industries, Inc. has a 12 month low of $215.04 and a 12 month high of $460.00. 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 (NYSE:HII) last announced 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 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 the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company earned $3.15 EPS. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.3 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, February 27th. Huntington Ingalls Industries’s payout ratio is 35.91%.

Insider Activity

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 4,400 shares of Huntington Ingalls Industries 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 sale, the vice president owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Eric D. Chewning sold 1,700 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were 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 owned 1,949 shares in the company, valued at approximately $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.80% 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.