Assetmark Inc. Buys 6,694 Shares of Huntington Ingalls Industries, Inc. $HII

Assetmark Inc. increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 29.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,689 shares of the aerospace company’s stock after acquiring an additional 6,694 shares during the quarter. Assetmark Inc.’s holdings in Huntington Ingalls Industries were worth $8,548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CYBER HORNET ETFs LLC acquired a new stake in Huntington Ingalls Industries during the 2nd quarter worth $25,000. Rakuten Securities Inc. raised 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 worth $26,000 after purchasing an additional 63 shares during the period. SouthState Corp boosted its position in shares of 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 purchasing an additional 93 shares in the last quarter. Anchor Investment Management LLC grew its holdings in shares of Huntington Ingalls Industries by 400.0% in the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after buying an additional 100 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 60 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Up 2.9%

Shares of NYSE:HII opened at $418.58 on Tuesday. Huntington Ingalls Industries, Inc. has a 52-week low of $159.41 and a 52-week high of $436.14. The firm has a market cap of $16.43 billion, a P/E ratio of 27.23, a PEG ratio of 1.71 and a beta of 0.34. The business’s 50 day simple moving average is $380.64 and its two-hundred day simple moving average is $320.46. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently declared 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. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th. Huntington Ingalls Industries’s payout ratio is 35.91%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HII. Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $300.00 to $400.00 in a research report on Thursday, February 12th. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Thursday, January 22nd. Finally, TD Cowen lifted their price target on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, October 31st. Five 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 a consensus price target of $370.38.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 850 shares of the stock in a transaction on Thursday, November 20th. The stock was 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. This represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 trade represents a 3.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Company 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.