Transcendent Capital Group LLC Invests $503,000 in Huntington Ingalls Industries, Inc. $HII

Transcendent Capital Group LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,747 shares of the aerospace company’s stock, valued at approximately $503,000.

Several other institutional investors have also bought and sold shares of the stock. Atlantic Union Bankshares Corp raised its stake in Huntington Ingalls Industries by 8,712.8% during the third quarter. Atlantic Union Bankshares Corp now owns 3,437 shares of the aerospace company’s stock worth $990,000 after acquiring an additional 3,398 shares in the last quarter. State of Wyoming bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth about $496,000. Jones Financial Companies Lllp grew its holdings in shares of Huntington Ingalls Industries by 31.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,560 shares of the aerospace company’s stock worth $3,502,000 after purchasing an additional 2,990 shares during the last quarter. UMB Bank n.a. increased its position in shares of Huntington Ingalls Industries by 74.5% during the 3rd quarter. UMB Bank n.a. now owns 246 shares of the aerospace company’s stock worth $71,000 after purchasing an additional 105 shares in the last quarter. Finally, Independent Advisor Alliance lifted its holdings in Huntington Ingalls Industries by 37.6% during the 3rd quarter. Independent Advisor Alliance now owns 1,271 shares of the aerospace company’s stock valued at $366,000 after purchasing an additional 347 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity

In other Huntington Ingalls Industries news, CEO Christopher D. Kastner sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the completion of the sale, the chief executive officer directly owned 68,139 shares of the company’s stock, valued at approximately $21,876,707.34. The trade was a 18.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Edmond E. Jr. Hughes sold 850 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $315.44, for a total transaction of $268,124.00. Following the completion of the transaction, the vice president directly owned 8,731 shares in the company, valued at $2,754,106.64. This trade represents a 8.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,637 shares of company stock valued at $5,331,276 over the last 90 days. 0.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HII shares. Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 price target on shares of Huntington Ingalls Industries in a report on Friday, November 7th. The Goldman Sachs Group raised their price target on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Citigroup boosted their price objective on Huntington Ingalls Industries from $376.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, TD Cowen raised their target price on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average price target of $343.63.

Huntington Ingalls Industries Stock Down 0.1%

NYSE:HII opened at $420.22 on Tuesday. The company has a market cap of $16.49 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 1.69 and a beta of 0.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.14. The stock’s fifty day moving average price is $362.00 and its two-hundred day moving average price is $310.33. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $436.14.

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.