Chesapeake Capital Corp IL Takes $864,000 Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Chesapeake Capital Corp IL purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,326 shares of the aerospace company’s stock, valued at approximately $864,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HII. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Huntington Ingalls Industries by 4.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,621 shares of the aerospace company’s stock worth $681,000 after acquiring an additional 123 shares during the period. Valley National Advisers Inc. purchased a new stake in Huntington Ingalls Industries in the 4th quarter valued at approximately $1,094,000. Raymond James & Associates increased its position in Huntington Ingalls Industries by 22.9% during the 4th quarter. Raymond James & Associates now owns 56,596 shares of the aerospace company’s stock worth $14,695,000 after purchasing an additional 10,539 shares during the period. Ceredex Value Advisors LLC purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $9,360,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $4,217,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $256.07, for a total transaction of $384,105.00. Following the completion of the transaction, the vice president now owns 8,135 shares of the company’s stock, valued at $2,083,129.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Jennifer R. Boykin sold 1,043 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $252.03, for a total value of $262,867.29. Following the completion of the transaction, the vice president now owns 11,961 shares of the company’s stock, valued at $3,014,530.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $256.07, for a total transaction of $384,105.00. Following the sale, the vice president now owns 8,135 shares in the company, valued at approximately $2,083,129.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,439 shares of company stock valued at $2,071,170. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HII. Citigroup assumed coverage on Huntington Ingalls Industries in a report on Monday, May 20th. They set a “buy” rating and a $310.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. StockNews.com downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Barclays increased their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.00.

Huntington Ingalls Industries Price Performance

Shares of HII stock traded up $3.32 during mid-day trading on Friday, reaching $256.20. The stock had a trading volume of 226,862 shares, compared to its average volume of 368,079. The company has a market cap of $10.10 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 2.19 and a beta of 0.60. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a 12-month low of $194.52 and a 12-month high of $299.50. The business has a 50-day simple moving average of $271.69 and a 200 day simple moving average of $264.97.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.37. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the company earned $3.23 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.03%. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.