Unique Wealth Strategies LLC Invests $738,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

Unique Wealth Strategies LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,843 shares of the aerospace company’s stock, valued at approximately $738,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital Investment Counsel Inc increased its stake in shares of Huntington Ingalls Industries by 0.5% in the third quarter. Capital Investment Counsel Inc now owns 8,274 shares of the aerospace company’s stock worth $1,693,000 after buying an additional 44 shares during the last quarter. Wills Financial Group Inc. increased its stake in Huntington Ingalls Industries by 4.6% during the third quarter. Wills Financial Group Inc. now owns 1,135 shares of the aerospace company’s stock valued at $232,000 after purchasing an additional 50 shares during the last quarter. Headlands Technologies LLC increased its stake in Huntington Ingalls Industries by 30.1% during the third quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 52 shares during the last quarter. Covestor Ltd increased its stake in Huntington Ingalls Industries by 10.2% during the third quarter. Covestor Ltd now owns 639 shares of the aerospace company’s stock valued at $131,000 after purchasing an additional 59 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Huntington Ingalls Industries by 33.7% during the third quarter. Parkside Financial Bank & Trust now owns 238 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock traded up $0.99 during trading on Friday, hitting $276.97. 259,166 shares of the stock were exchanged, compared to its average volume of 314,788. The stock’s fifty day moving average is $285.45 and its 200 day moving average is $259.78. The stock has a market cap of $10.97 billion, a PE ratio of 16.21, a P/E/G ratio of 2.60 and a beta of 0.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.95. Huntington Ingalls Industries, Inc. has a 12 month low of $188.51 and a 12 month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, topping the consensus estimate of $4.27 by $2.63. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $2.78 billion. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.07 earnings per share. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.36 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.88%. The ex-dividend date was Thursday, February 22nd. Huntington Ingalls Industries’s payout ratio is currently 30.41%.

Insider Buying and Selling

In related news, VP Edgar A. Green III sold 3,603 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $290.75, for a total value of $1,047,572.25. Following the completion of the sale, the vice president now owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 3,603 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the completion of the sale, the vice president now directly owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Nicolas G. Schuck sold 1,293 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the sale, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at $655,380. The disclosure for this sale can be found here. Insiders sold 8,472 shares of company stock valued at $2,398,345 over the last 90 days. 0.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HII shares. JPMorgan Chase & Co. boosted their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Barclays boosted their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.