Ritholtz Wealth Management Acquires 2,076 Shares of Huntington Ingalls Industries, Inc. $HII

Ritholtz Wealth Management increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 165.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,332 shares of the aerospace company’s stock after buying an additional 2,076 shares during the period. Ritholtz Wealth Management’s holdings in Huntington Ingalls Industries were worth $1,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HII. CYBER HORNET ETFs LLC bought a new stake in Huntington Ingalls Industries during the second quarter valued at about $25,000. Rakuten Securities Inc. boosted its position in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares in the last quarter. Versant Capital Management Inc boosted its position in Huntington Ingalls Industries by 120.0% during the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Community Bank N.A. bought a new stake in Huntington Ingalls Industries during the third quarter valued at about $35,000. Finally, Anchor Investment Management LLC boosted its position in Huntington Ingalls Industries by 400.0% during the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 100 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $397.56 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. The company has a market cap of $15.60 billion, a PE ratio of 25.87, a P/E/G ratio of 1.61 and a beta of 0.36. The business has a 50-day simple moving average of $412.68 and a two-hundred day simple moving average of $362.10. Huntington Ingalls Industries, Inc. has a fifty-two week low of $211.49 and a fifty-two week high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 EPS 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 business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm posted $3.15 earnings per share. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed 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. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, February 27th. Huntington Ingalls Industries’s payout ratio is presently 35.91%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, EVP Eric D. Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the sale, the executive vice president owned 1,949 shares of the company’s stock, valued at $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Chad N. Boudreaux sold 4,400 shares of Huntington Ingalls Industries stock in a transaction dated 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 sale, the vice president directly owned 20,360 shares of the company’s stock, valued at $8,601,082. This trade represents a 17.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. TD Cowen raised their target price on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group raised their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Weiss Ratings upgraded shares of Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 19th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $383.22.

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.