Kestra Private Wealth Services LLC Raises Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Kestra Private Wealth Services LLC lifted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,418 shares of the aerospace company’s stock after buying an additional 48 shares during the period. Kestra Private Wealth Services LLC’s holdings in Huntington Ingalls Industries were worth $2,705,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HII. Van ECK Associates Corp boosted its stake in Huntington Ingalls Industries by 5,658.6% in the fourth quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company’s stock valued at $177,655,000 after acquiring an additional 672,353 shares in the last quarter. Sargent Investment Group LLC acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at about $238,000. Unique Wealth Strategies LLC acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at about $738,000. Russell Investments Group Ltd. grew its stake in Huntington Ingalls Industries by 13.0% during the 4th quarter. Russell Investments Group Ltd. now owns 22,968 shares of the aerospace company’s stock worth $5,962,000 after buying an additional 2,637 shares during the last quarter. Finally, Truist Financial Corp increased its position in Huntington Ingalls Industries by 16.1% during the fourth quarter. Truist Financial Corp now owns 5,630 shares of the aerospace company’s stock worth $1,462,000 after buying an additional 780 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Huntington Ingalls Industries Stock Up 0.0 %

Huntington Ingalls Industries stock opened at $277.06 on Thursday. The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 2.61 and a beta of 0.60. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $285.16 and a two-hundred day moving average of $261.13. Huntington Ingalls Industries, Inc. has a twelve month low of $188.51 and a twelve month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.78 billion. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. Huntington Ingalls Industries’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 EPS. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 16.34 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

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

Insider Activity at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 500 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $288.56, for a total transaction of $144,280.00. Following the completion of the transaction, the vice president now directly owns 18,600 shares of the company’s stock, valued at approximately $5,367,216. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Huntington Ingalls Industries news, VP D R. Wyatt sold 500 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $288.56, for a total transaction of $144,280.00. Following the sale, the vice president now directly owns 18,600 shares in the company, valued at approximately $5,367,216. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nicolas G. Schuck sold 1,293 shares of the 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 completion of the transaction, the chief accounting officer now owns 2,250 shares of the company’s stock, valued at approximately $655,380. The disclosure for this sale can be found here. Insiders sold a total of 8,472 shares of company stock worth $2,398,345 over the last 90 days. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Profile

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.