Walled Lake Planning & Wealth Management LLC Sells 1,474 Shares of Huntington Ingalls Industries, Inc. $HII

Walled Lake Planning & Wealth Management LLC decreased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,240 shares of the aerospace company’s stock after selling 1,474 shares during the quarter. Huntington Ingalls Industries comprises approximately 2.4% of Walled Lake Planning & Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Walled Lake Planning & Wealth Management LLC owned about 0.06% of Huntington Ingalls Industries worth $7,267,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HII. Maverick Capital Ltd. acquired a new stake in Huntington Ingalls Industries in the second quarter worth $93,332,000. Sound Shore Management Inc CT bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth about $80,047,000. Orion Porfolio Solutions LLC boosted its position in shares of Huntington Ingalls Industries by 3,576.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock worth $47,268,000 after purchasing an additional 190,434 shares in the last quarter. Sunriver Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $31,532,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Huntington Ingalls Industries by 58.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,080 shares of the aerospace company’s stock valued at $67,145,000 after buying an additional 102,315 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 3.5%

Shares of NYSE:HII opened at $421.62 on Friday. The company has a market capitalization of $16.54 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 1.78 and a beta of 0.32. Huntington Ingalls Industries, Inc. has a 1 year low of $177.42 and a 1 year high of $460.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. The business has a fifty day moving average price of $407.27 and a two-hundred day moving average price of $335.06.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.72 by $0.32. The company had revenue of $3.48 billion during 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 firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.15 earnings per share. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $1.38 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.3%. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Analyst Upgrades and Downgrades

HII has been the subject of a number of research reports. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Citigroup increased their target price on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Sanford C. Bernstein restated a “market perform” rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Finally, Bank of America upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $300.00 to $400.00 in a report on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $370.38.

Insiders Place Their Bets

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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.72% of the company’s stock.

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.