Northcape Wealth Management LLC Sells 5,359 Shares of Huntington Ingalls Industries, Inc. $HII

Northcape Wealth Management LLC reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 32.8% in the third quarter, HoldingsChannel.com reports. The fund owned 10,999 shares of the aerospace company’s stock after selling 5,359 shares during the quarter. Northcape Wealth Management LLC’s holdings in Huntington Ingalls Industries were worth $3,167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HII. UMB Bank n.a. increased its stake in Huntington Ingalls Industries by 74.5% in the third quarter. UMB Bank n.a. now owns 246 shares of the aerospace company’s stock valued at $71,000 after acquiring an additional 105 shares during the last quarter. Independent Advisor Alliance boosted its holdings in shares of Huntington Ingalls Industries by 37.6% in the 3rd quarter. Independent Advisor Alliance now owns 1,271 shares of the aerospace company’s stock worth $366,000 after purchasing an additional 347 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth about $240,000. Frank Rimerman Advisors LLC bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at about $202,000. Finally, Twin City Private Wealth LLC raised its holdings in shares of Huntington Ingalls Industries by 1.5% during the 3rd quarter. Twin City Private Wealth LLC now owns 4,739 shares of the aerospace company’s stock valued at $1,365,000 after buying an additional 68 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Down 1.8%

Shares of Huntington Ingalls Industries stock opened at $420.34 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.14. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $436.14. The company’s 50 day moving average price is $359.79 and its 200-day moving average price is $308.78. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 1.72 and a beta of 0.36.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.95 billion. Huntington Ingalls Industries had a net margin of 4.74% and a return on equity of 11.79%. The firm’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.56 EPS. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Insider Activity

In other news, VP Chad N. Boudreaux sold 787 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total transaction of $247,251.79. Following the completion of the transaction, the vice president directly owned 20,441 shares of the company’s stock, valued at approximately $6,421,948.97. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher D. Kastner sold 15,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the sale, the chief executive officer owned 68,139 shares of the company’s stock, valued at approximately $21,876,707.34. This represents a 18.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,103 shares of company stock worth $5,477,768 over the last ninety days. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Thursday, January 22nd. The Goldman Sachs Group lifted their target price 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. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $362.00 price target on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $343.63.

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.