Huntington Ingalls Industries, Inc. $HII Shares Acquired by Gradient Investments LLC

Gradient Investments LLC boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 36.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,041 shares of the aerospace company’s stock after purchasing an additional 17,514 shares during the quarter. Gradient Investments LLC’s holdings in Huntington Ingalls Industries were worth $17,638,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HII. Eastern Bank acquired a new stake in shares of Huntington Ingalls Industries during the third quarter worth about $26,000. Bayban acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth approximately $27,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $36,000. Motiv8 Investments LLC purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $38,000. Finally, MV Capital Management Inc. acquired a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HII. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Wolfe Research upgraded shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective for the company in a research report on Friday, July 31st. Citigroup upped their price objective on Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Sanford C. Bernstein dropped their target price on shares of Huntington Ingalls Industries from $341.00 to $327.00 and set a “market perform” rating for the company in a report on Wednesday, September 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $367.12.

Huntington Ingalls Industries Trading Up 1.2%

Shares of HII stock traded up $3.09 during mid-day trading on Thursday, hitting $263.76. 131,731 shares of the company’s stock were exchanged, compared to its average volume of 527,248. Huntington Ingalls Industries, Inc. has a fifty-two week low of $256.79 and a fifty-two week high of $460.00. The stock has a 50-day simple moving average of $292.72 and a two-hundred day simple moving average of $314.76. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.99 and a beta of 0.21.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, beating the consensus estimate of $3.79 by $1.48. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the firm posted $3.86 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, August 28th. Huntington Ingalls Industries’s payout ratio is presently 32.90%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, CEO Christopher Kastner sold 13,070 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the transaction, the chief executive officer owned 11,224 shares of the company’s stock, valued at $3,646,902.08. This trade represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company that designs, builds, maintains and modernizes military ships and provides technology services to government and defense customers. Its principal customers include the U.S. Navy, Marine Corps, Coast Guard, intelligence agencies and other federal organizations.

Through Newport News Shipbuilding, HII builds and services nuclear-powered aircraft carriers and supports the construction and maintenance of nuclear-powered submarines.