Williamson Legacy Group LLC Purchases New Stake in Huntington Ingalls Industries, Inc. $HII

Williamson Legacy Group LLC purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,879 shares of the aerospace company’s stock, valued at approximately $979,000.

Other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. grew its position in Huntington Ingalls Industries by 87.2% during the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after buying an additional 41 shares during the period. CYBER HORNET ETFs LLC bought a new position in Huntington Ingalls Industries during the second quarter worth about $25,000. Rakuten Securities Inc. boosted its position in Huntington Ingalls Industries by 140.0% during the second 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. Community Bank N.A. bought a new position in Huntington Ingalls Industries during the third quarter worth about $35,000. Finally, Elyxium Wealth LLC bought a new position in Huntington Ingalls Industries during the fourth quarter worth about $42,000. Institutional investors own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

In other news, EVP Eric D. Chewning sold 1,700 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the sale, the executive vice president directly owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. This represents a 46.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Chad N. Boudreaux sold 4,400 shares of the stock in a transaction dated 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 completion of the sale, the vice president directly owned 20,360 shares in the company, valued at approximately $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on HII shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $421.00 target price on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Citigroup cut their target price on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 target price for the company. Finally, Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus target price of $388.50.

Huntington Ingalls Industries Trading Down 0.1%

Shares of Huntington Ingalls Industries stock opened at $320.20 on Wednesday. Huntington Ingalls Industries, Inc. has a 12-month low of $215.04 and a 12-month high of $460.00. The company has a market cap of $12.62 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 1.36 and a beta of 0.29. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $369.77 and its 200-day moving average price is $372.50.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the firm posted $3.79 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 17.29 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 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.