Huntington Ingalls Industries, Inc. $HII Shares Purchased by Assetmark Inc.

Assetmark Inc. raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 29.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,689 shares of the aerospace company’s stock after buying an additional 6,694 shares during the period. Assetmark Inc. owned approximately 0.08% of Huntington Ingalls Industries worth $8,548,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Huntington Ingalls Industries during the second quarter worth $25,000. Rakuten Securities Inc. increased its stake in Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares in the last quarter. SouthState Corp raised its holdings in Huntington Ingalls Industries by 310.0% during the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after buying an additional 93 shares during the period. Anchor Investment Management LLC lifted its stake in 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 buying an additional 100 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Huntington Ingalls Industries by 120.0% in the third 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. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Up 2.9%

HII stock opened at $418.58 on Tuesday. Huntington Ingalls Industries, Inc. has a 52-week low of $159.41 and a 52-week high of $436.14. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.71 and a beta of 0.34. The company has a 50-day moving average of $380.64 and a two-hundred day moving average of $320.46.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the firm posted $3.15 earnings per share. Huntington Ingalls Industries’s revenue was up 15.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS 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. Investors of record on Friday, February 27th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. Huntington Ingalls Industries’s payout ratio is presently 35.91%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HII. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. TD Cowen increased their target price on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, October 31st. Citigroup lifted their price target on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $370.38.

Insider Activity at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 787 shares of the business’s stock in a transaction 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 sale, the vice president owned 20,441 shares of the company’s stock, valued at $6,421,948.97. The trade was a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 850 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $315.44, for a total transaction of $268,124.00. Following the sale, the vice president owned 8,731 shares of the company’s stock, valued at $2,754,106.64. This trade represents a 8.87% decrease in their position. The SEC filing for this sale provides additional information. 0.86% of the stock is owned by company insiders.

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.