Gradient Investments LLC Raises Stake in Huntington Ingalls Industries, Inc. $HII

Gradient Investments LLC grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 662.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,806 shares of the aerospace company’s stock after acquiring an additional 38,928 shares during the quarter. Gradient Investments LLC owned about 0.11% of Huntington Ingalls Industries worth $15,237,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at about $25,000. Rakuten Securities Inc. increased its position in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the last quarter. Versant Capital Management Inc increased its position in Huntington Ingalls Industries by 120.0% during the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Community Bank N.A. purchased a new position in Huntington Ingalls Industries during the third quarter worth about $35,000. Finally, Anchor Investment Management LLC raised 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 worth $30,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 2.4%

NYSE:HII opened at $408.31 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $16.02 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 1.66 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 stock’s fifty day moving average is $421.13 and its two-hundred day moving average is $347.57.

Huntington Ingalls Industries (NYSE:HII) last posted 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. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.Huntington Ingalls Industries’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.15 EPS. 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 disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $1.38 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 35.91%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Wall Street Zen raised shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. TD Cowen increased their price objective on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 target price on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $384.13.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 4,400 shares of the business’s stock in a transaction on 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 owned 20,360 shares in the company, valued at $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the sale, the executive vice president directly owned 1,949 shares in the company, valued at $844,774.56. This represents a 46.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.72% of the company’s stock.

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.