Advisors Asset Management Inc. Increases Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Advisors Asset Management Inc. boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 17.8% during the third quarter, Holdings Channel.com reports. The firm owned 12,318 shares of the aerospace company’s stock after buying an additional 1,860 shares during the quarter. Advisors Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $3,546,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HII. CYBER HORNET ETFs LLC purchased a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at approximately $25,000. Rakuten Securities Inc. lifted its holdings in Huntington Ingalls Industries by 140.0% in the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 63 shares during the last quarter. Versant Capital Management Inc grew its position in Huntington Ingalls Industries by 120.0% in the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 60 shares during the period. SouthState Corp increased its stake in Huntington Ingalls Industries by 310.0% during the second quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 93 shares during the last quarter. Finally, Anchor Investment Management LLC raised its position in Huntington Ingalls Industries by 400.0% in the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 100 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 850 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the completion of the transaction, the vice president owned 8,731 shares in the company, valued at $2,754,106.64. The trade was a 8.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Chad N. Boudreaux sold 787 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total transaction of $247,251.79. Following the transaction, the vice president owned 20,441 shares of the company’s stock, valued at $6,421,948.97. This trade represents a 3.71% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Trading Up 2.9%

NYSE:HII opened at $418.58 on Friday. Huntington Ingalls Industries, Inc. has a 12-month low of $159.41 and a 12-month high of $436.14. The firm has a market cap of $16.43 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.71 and a beta of 0.34. 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 fifty day moving average price of $378.58 and a 200 day moving average price of $318.64.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.72 by $0.32. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.Huntington Ingalls Industries’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.15 EPS. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $300.00 to $400.00 in a report on Thursday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $421.00 target price on shares of Huntington Ingalls Industries in a research note on Wednesday. Citigroup lifted their price target on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday. Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $370.38.

About Huntington Ingalls Industries

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.