Chase Investment Counsel Corp Invests $4.63 Million in Huntington Ingalls Industries, Inc. $HII

Chase Investment Counsel Corp acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 13,629 shares of the aerospace company’s stock, valued at approximately $4,634,000. Huntington Ingalls Industries accounts for 1.3% of Chase Investment Counsel Corp’s portfolio, making the stock its 28th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. increased its holdings in shares of Huntington Ingalls Industries by 87.2% during the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 41 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth about $25,000. Rakuten Securities Inc. increased its holdings in shares of Huntington Ingalls Industries by 140.0% during 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 during the period. Versant Capital Management Inc increased its holdings in shares of Huntington Ingalls Industries by 120.0% during the 3rd 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 period. Finally, Community Bank N.A. bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth about $35,000. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HII. TD Cowen dropped their price objective on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup dropped their price objective on shares of Huntington Ingalls Industries from $465.00 to $441.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Sanford C. Bernstein restated a “market perform” rating and set a $421.00 price objective on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Finally, Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus target price of $393.00.

Insider Activity

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 4,400 shares of the business’s stock in a transaction dated 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 transaction, the vice president directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the transaction, the executive vice president owned 1,949 shares in the company, valued at approximately $844,774.56. This trade represents a 46.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by insiders.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $326.01 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The firm’s 50-day simple moving average is $383.51 and its 200-day simple moving average is $371.94. Huntington Ingalls Industries, Inc. has a twelve month low of $215.04 and a twelve month high of $460.00. The firm has a market cap of $12.84 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.38 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the business earned $3.79 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 17.29 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 29th. Huntington Ingalls Industries’s payout ratio is 35.91%.

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.