Wealth Enhancement Advisory Services LLC Sells 41,077 Shares of Huntington Ingalls Industries, Inc. $HII

Wealth Enhancement Advisory Services LLC reduced its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 168,205 shares of the aerospace company’s stock after selling 41,077 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.43% of Huntington Ingalls Industries worth $61,842,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Korea Investment CORP purchased a new position in Huntington Ingalls Industries in the 2nd quarter worth approximately $1,604,000. Primoris Wealth Advisors LLC bought a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth $2,260,000. CWA Asset Management Group LLC raised its position in shares of Huntington Ingalls Industries by 51.2% during the 3rd quarter. CWA Asset Management Group LLC now owns 24,746 shares of the aerospace company’s stock valued at $7,125,000 after buying an additional 8,384 shares in the last quarter. SS&H Financial Advisors Inc. lifted its holdings in shares of Huntington Ingalls Industries by 76.7% during the 3rd quarter. SS&H Financial Advisors Inc. now owns 8,120 shares of the aerospace company’s stock worth $2,338,000 after acquiring an additional 3,525 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Huntington Ingalls Industries by 31.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 12,560 shares of the aerospace company’s stock worth $3,502,000 after acquiring an additional 2,990 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wall Street Zen raised Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $300.00 to $400.00 in a research report on Thursday, February 12th. Sanford C. Bernstein restated a “market perform” rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group upped their target price on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $384.13.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $408.31 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm has a market cap of $16.02 billion, a P/E ratio of 26.57, a P/E/G ratio of 1.66 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 firm has a 50-day moving average of $421.13 and a 200-day moving average of $347.57.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. The company 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%.Huntington Ingalls Industries’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.15 EPS. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

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

Insider Buying and Selling

In other news, VP Chad N. Boudreaux sold 4,400 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the sale, the vice president owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. The trade was a 17.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the sale, the executive vice president directly owned 1,949 shares in the company, valued at approximately $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.72% of the stock is owned by corporate 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.