Caerus Investment Advisors LLC Takes $342,000 Position in Huntington Ingalls Industries, Inc. $HII

Caerus Investment Advisors LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,189 shares of the aerospace company’s stock, valued at approximately $342,000.

Other large investors have also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new position in Huntington Ingalls Industries in the second quarter worth approximately $25,000. Rakuten Securities Inc. increased its position in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares during the period. Versant Capital Management Inc raised its holdings in shares of Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Community Bank N.A. bought a new position in Huntington Ingalls Industries in the third quarter worth approximately $35,000. Finally, Anchor Investment Management LLC increased its holdings in shares of Huntington Ingalls Industries by 400.0% in the 2nd 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 during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Up 1.1%

Huntington Ingalls Industries stock opened at $427.62 on Thursday. The stock has a 50-day moving average price of $419.92 and a 200 day moving average price of $345.02. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.32. Huntington Ingalls Industries, Inc. has a 52 week low of $177.42 and a 52 week 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 posted its quarterly 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. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. Huntington Ingalls Industries’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm posted $3.15 EPS. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Wall Street Analysts Forecast Growth

HII has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Sanford C. Bernstein reissued a “market perform” rating and issued a $421.00 price target on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Finally, TD Cowen boosted their target price on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $384.13.

Insider Buying and Selling

In other Huntington Ingalls Industries news, EVP Eric D. Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the completion of the transaction, the executive vice president owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Chad N. Boudreaux sold 4,400 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the sale, the vice president directly owned 20,360 shares in the company, valued at approximately $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.72% of the company’s stock.

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.