CWA Asset Management Group LLC Has $8.89 Million Holdings in Huntington Ingalls Industries, Inc. $HII

CWA Asset Management Group LLC raised its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 26,130 shares of the aerospace company’s stock after purchasing an additional 1,384 shares during the period. CWA Asset Management Group LLC owned approximately 0.07% of Huntington Ingalls Industries worth $8,886,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its stake in shares of Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 59 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Huntington Ingalls Industries by 9.1% during the second quarter. Foundations Investment Advisors LLC now owns 1,126 shares of the aerospace company’s stock valued at $272,000 after buying an additional 94 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Huntington Ingalls Industries by 7.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,624 shares of the aerospace company’s stock valued at $2,324,000 after buying an additional 675 shares during the last quarter. SG Americas Securities LLC grew its holdings in Huntington Ingalls Industries by 21.9% during the second quarter. SG Americas Securities LLC now owns 5,289 shares of the aerospace company’s stock worth $1,277,000 after buying an additional 951 shares in the last quarter. Finally, Creative Planning raised its position in Huntington Ingalls Industries by 5.7% in the 2nd quarter. Creative Planning now owns 8,727 shares of the aerospace company’s stock valued at $2,107,000 after buying an additional 472 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HII has been the topic of several recent analyst reports. Citigroup raised their price objective on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. TD Cowen increased their target price on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a report on Friday, March 6th. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Finally, The Goldman Sachs Group boosted their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $384.13.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $408.31 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. The company has a market cap of $16.02 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.71 and a beta of 0.32. Huntington Ingalls Industries, Inc. has a 52 week low of $177.42 and a 52 week high of $460.00. The firm’s 50-day simple moving average is $421.13 and its two-hundred day simple moving average is $346.48.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.72 by $0.32. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The firm had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the company earned $3.15 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. Research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, February 27th. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Insider Buying and Selling

In other 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chad N. Boudreaux sold 4,400 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the transaction, the vice president directly owned 20,360 shares of the company’s stock, valued at $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries 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.