Chesapeake Capital Corp IL Makes New $864,000 Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Chesapeake Capital Corp IL bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,326 shares of the aerospace company’s stock, valued at approximately $864,000.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its position in Huntington Ingalls Industries by 5,658.6% during the fourth quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company’s stock valued at $177,655,000 after purchasing an additional 672,353 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Huntington Ingalls Industries by 266.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 171,496 shares of the aerospace company’s stock valued at $35,085,000 after buying an additional 124,685 shares during the period. Copeland Capital Management LLC grew its holdings in shares of Huntington Ingalls Industries by 2,689.4% during the 4th quarter. Copeland Capital Management LLC now owns 80,587 shares of the aerospace company’s stock valued at $20,924,000 after acquiring an additional 77,698 shares in the last quarter. Bar Harbor Wealth Management acquired a new position in shares of Huntington Ingalls Industries in the third quarter worth $7,595,000. Finally, Northern Trust Corp raised its holdings in shares of Huntington Ingalls Industries by 11.6% during the third quarter. Northern Trust Corp now owns 351,432 shares of the aerospace company’s stock worth $71,896,000 after acquiring an additional 36,560 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on HII. StockNews.com downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Barclays boosted their price target on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. raised their price objective 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. Finally, Citigroup began coverage on shares of Huntington Ingalls Industries in a research report on Monday, May 20th. They issued a “buy” rating and a $310.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $278.00.

Huntington Ingalls Industries Stock Up 1.3 %

Shares of NYSE HII traded up $3.32 during mid-day trading on Friday, reaching $256.20. 226,862 shares of the company traded hands, compared to its average volume of 368,079. The company’s fifty day moving average is $271.69 and its two-hundred day moving average is $264.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.96. Huntington Ingalls Industries, Inc. has a fifty-two week low of $194.52 and a fifty-two week high of $299.50. The stock has a market cap of $10.10 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 2.19 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.50 by $0.37. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the company posted $3.23 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts expect that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $1.30 dividend. The ex-dividend date is Friday, May 31st. This represents a $5.20 annualized dividend and a yield of 2.03%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Insiders Place Their Bets

In other news, CAO Nicolas G. Schuck sold 1,293 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the sale, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at $655,380. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Jennifer R. Boykin sold 1,043 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $252.03, for a total transaction of $262,867.29. Following the completion of the transaction, the vice president now directly owns 11,961 shares in the company, valued at approximately $3,014,530.83. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Nicolas G. Schuck sold 1,293 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the sale, the chief accounting officer now owns 2,250 shares in the company, valued at $655,380. The disclosure for this sale can be found here. Insiders sold a total of 7,439 shares of company stock valued at $2,071,170 in the last quarter. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Company 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.