Earnest Partners LLC Raises Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Earnest Partners LLC boosted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 901,140 shares of the aerospace company’s stock after purchasing an additional 6,046 shares during the quarter. Huntington Ingalls Industries comprises 1.1% of Earnest Partners LLC’s holdings, making the stock its 17th largest holding. Earnest Partners LLC’s holdings in Huntington Ingalls Industries were worth $259,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 40.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after buying an additional 59 shares in the last quarter. Savant Capital LLC purchased a new stake in Huntington Ingalls Industries during the second quarter valued at approximately $352,000. AE Wealth Management LLC lifted its position in Huntington Ingalls Industries by 30.2% during the second quarter. AE Wealth Management LLC now owns 1,984 shares of the aerospace company’s stock valued at $479,000 after acquiring an additional 460 shares during the last quarter. ProShare Advisors LLC boosted its stake in Huntington Ingalls Industries by 40.3% in the second quarter. ProShare Advisors LLC now owns 12,623 shares of the aerospace company’s stock valued at $3,048,000 after acquiring an additional 3,626 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Huntington Ingalls Industries by 66.6% in the second quarter. Allworth Financial LP now owns 533 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 213 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $415.15 on Friday. The company has a market capitalization of $16.29 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 1.70 and a beta of 0.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. The company’s fifty day moving average price is $416.32 and its 200 day moving average price is $341.90. Huntington Ingalls Industries, Inc. has a 1 year low of $177.42 and a 1 year high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the company earned $3.15 earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, February 27th. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Analysts Set New Price Targets

HII has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price target on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Citigroup boosted their target price on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. 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. Finally, TD Cowen boosted their price target on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $384.13.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 4,400 shares of the stock in a transaction that occurred on 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 transaction, the vice president owned 20,360 shares in the company, valued at approximately $8,601,082. This represents a 17.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 1,949 shares in the company, valued at approximately $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries 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.