Krilogy Financial LLC Invests $878,000 in Huntington Ingalls Industries, Inc. $HII

Krilogy Financial LLC purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,863 shares of the aerospace company’s stock, valued at approximately $878,000.

Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake in Huntington Ingalls Industries by 17.8% during the third quarter. Advisors Asset Management Inc. now owns 12,318 shares of the aerospace company’s stock worth $3,546,000 after buying an additional 1,860 shares during the period. Westbourne Investments Inc. lifted its holdings in shares of Huntington Ingalls Industries by 5.1% in the 3rd quarter. Westbourne Investments Inc. now owns 4,100 shares of the aerospace company’s stock worth $1,288,000 after acquiring an additional 200 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth about $209,000. Versor Investments LP boosted its stake in shares of Huntington Ingalls Industries by 107.9% during the 3rd quarter. Versor Investments LP now owns 6,322 shares of the aerospace company’s stock worth $1,820,000 after purchasing an additional 3,281 shares during the period. Finally, Wealthfront Advisers LLC grew its holdings in Huntington Ingalls Industries by 7.4% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,329 shares of the aerospace company’s stock valued at $383,000 after purchasing an additional 92 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HII has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Thursday, January 22nd. Citigroup raised their price target on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen upped their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $300.00 to $400.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $370.38.

Huntington Ingalls Industries Trading Up 2.9%

Shares of NYSE HII opened at $418.58 on Friday. Huntington Ingalls Industries, Inc. has a twelve month low of $159.41 and a twelve month high of $436.14. The firm has a market cap of $16.43 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.71 and a beta of 0.34. The business has a fifty day simple moving average of $378.58 and a two-hundred day simple moving average of $318.64. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) 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 the consensus estimate of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.15 EPS. Analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 850 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total transaction of $268,124.00. Following the transaction, the vice president directly owned 8,731 shares of the company’s stock, valued at $2,754,106.64. This trade represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Chad N. Boudreaux sold 787 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total transaction of $247,251.79. Following the completion of the transaction, the vice president directly owned 20,441 shares of the company’s stock, valued at $6,421,948.97. This trade represents a 3.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.72% 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.