Huntington Ingalls Industries, Inc. $HII Shares Bought by SS&H Financial Advisors Inc.

SS&H Financial Advisors Inc. grew its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 76.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,120 shares of the aerospace company’s stock after purchasing an additional 3,525 shares during the period. SS&H Financial Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $2,338,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Peddock Capital Advisors LLC acquired a new stake in shares of Huntington Ingalls Industries in the second quarter valued at $483,000. Buttonwood Financial Advisors Inc. acquired a new position in Huntington Ingalls Industries during the 2nd quarter worth $253,000. Revisor Wealth Management LLC purchased a new stake in Huntington Ingalls Industries during the 2nd quarter worth about $374,000. Korea Investment CORP acquired a new stake in Huntington Ingalls Industries in the 2nd quarter valued at about $1,604,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $243,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 466 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total value of $146,491.76. Following the completion of the sale, the chief accounting officer directly owned 2,418 shares of the company’s stock, valued at approximately $760,122.48. This represents a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 850 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president owned 8,731 shares in the company, valued at approximately $2,754,106.64. This trade represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 17,103 shares of company stock valued at $5,477,768 in the last 90 days. Company insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Stock Down 1.2%

HII stock opened at $351.11 on Monday. The stock has a market cap of $13.78 billion, a P/E ratio of 24.25, a PEG ratio of 1.68 and a beta of 0.37. The company has a current ratio of 1.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $360.20. The company’s 50 day moving average is $315.98 and its two-hundred day moving average is $282.63.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.74% and a return on equity of 11.79%. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same period last year, the firm posted $2.56 EPS. The company’s revenue was up 16.1% on a year-over-year basis. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $1.38 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, November 28th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. Huntington Ingalls Industries’s payout ratio is currently 38.12%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HII. Citigroup initiated coverage on shares of Huntington Ingalls Industries in a research note on Friday, December 12th. They set a “buy” rating and a $376.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Sanford C. Bernstein reissued a “market perform” rating and issued a $362.00 price objective on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. The Goldman Sachs Group lifted their price objective on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $325.75.

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.