SG Americas Securities LLC Increases Stock Position in Huntington Ingalls Industries, Inc. $HII

SG Americas Securities LLC boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 640.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,588 shares of the aerospace company’s stock after buying an additional 32,512 shares during the quarter. SG Americas Securities LLC owned approximately 0.10% of Huntington Ingalls Industries worth $12,783,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HII. Korea Investment CORP purchased a new stake in Huntington Ingalls Industries in the 2nd quarter worth $1,604,000. Primoris Wealth Advisors LLC purchased a new position in Huntington Ingalls Industries during the third quarter valued at $2,260,000. CWA Asset Management Group LLC lifted its holdings in Huntington Ingalls Industries by 51.2% during the third quarter. CWA Asset Management Group LLC now owns 24,746 shares of the aerospace company’s stock valued at $7,125,000 after purchasing an additional 8,384 shares in the last quarter. SS&H Financial Advisors Inc. grew its position in shares of Huntington Ingalls Industries by 76.7% in the third quarter. SS&H Financial Advisors Inc. now owns 8,120 shares of the aerospace company’s stock valued at $2,338,000 after purchasing an additional 3,525 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of Huntington Ingalls Industries by 31.2% during the third quarter. Jones Financial Companies Lllp now owns 12,560 shares of the aerospace company’s stock worth $3,502,000 after purchasing an additional 2,990 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In other Huntington Ingalls Industries news, EVP Eric D. Chewning sold 1,700 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the completion of the sale, the executive vice president directly owned 1,949 shares of the company’s stock, valued at $844,774.56. This trade represents a 46.59% decrease in their position. 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 4,400 shares of Huntington Ingalls Industries stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the transaction, the vice president owned 20,360 shares in the company, valued at approximately $8,601,082. This represents a 17.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HII shares. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $300.00 to $400.00 in a report on Thursday, February 12th. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 19th. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 target price on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Finally, Citigroup raised their target price on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Moderate Buy” and an average target price of $384.13.

Huntington Ingalls Industries Stock Down 0.8%

Shares of NYSE HII opened at $381.66 on Friday. The stock has a market cap of $14.98 billion, a PE ratio of 24.83, a P/E/G ratio of 1.56 and a beta of 0.32. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Huntington Ingalls Industries, Inc. has a 12-month low of $177.42 and a 12-month high of $460.00. The company has a 50-day moving average of $419.10 and a 200 day moving average of $351.38.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $1.38 per share. The ex-dividend date was Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. Huntington Ingalls Industries’s dividend payout ratio (DPR) 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.