Krilogy Financial LLC Takes $878,000 Position in Huntington Ingalls Industries, Inc. $HII

Krilogy Financial LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 2,863 shares of the aerospace company’s stock, valued at approximately $878,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after buying an additional 59 shares in the last quarter. Blair William & Co. IL bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at approximately $330,000. Apollon Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at approximately $255,000. Vanguard Personalized Indexing Management LLC increased its holdings in Huntington Ingalls Industries by 14.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,504 shares of the aerospace company’s stock worth $1,330,000 after acquiring an additional 702 shares in the last quarter. Finally, CWM LLC raised its stake in Huntington Ingalls Industries by 29.5% during the 2nd quarter. CWM LLC now owns 1,203 shares of the aerospace company’s stock worth $291,000 after acquiring an additional 274 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Thursday, January 22nd. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a report on Wednesday. Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $300.00 to $400.00 in a research note on Thursday. Finally, Citigroup increased their target price on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and an average price target of $370.38.

Insiders Place Their Bets

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 sale, the vice president directly owned 20,441 shares in the company, valued at approximately $6,421,948.97. This represents a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Edmond E. Jr. Hughes sold 850 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $315.44, for a total transaction of $268,124.00. Following the completion of the transaction, the vice president directly owned 8,731 shares of the company’s stock, valued at approximately $2,754,106.64. The trade was a 8.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Trading Up 2.9%

Shares of HII stock opened at $418.58 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.71 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 12-month low of $159.41 and a 12-month high of $436.14. The stock’s 50-day moving average price is $378.58 and its 200-day moving average price is $318.64.

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

Huntington Ingalls Industries Dividend Announcement

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

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.