Walled Lake Planning & Wealth Management LLC Sells 1,474 Shares of Huntington Ingalls Industries, Inc. $HII

Walled Lake Planning & Wealth Management LLC cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 25,240 shares of the aerospace company’s stock after selling 1,474 shares during the quarter. Huntington Ingalls Industries comprises approximately 2.4% of Walled Lake Planning & Wealth Management LLC’s holdings, making the stock its 11th biggest position. Walled Lake Planning & Wealth Management LLC’s holdings in Huntington Ingalls Industries were worth $7,267,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Maverick Capital Ltd. bought a new stake in shares of Huntington Ingalls Industries in the second quarter valued at approximately $93,332,000. Sound Shore Management Inc CT purchased a new position in Huntington Ingalls Industries in the 2nd quarter valued at approximately $80,047,000. Orion Porfolio Solutions LLC raised its holdings in Huntington Ingalls Industries by 3,576.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock valued at $47,268,000 after acquiring an additional 190,434 shares during the period. Sunriver Management LLC bought a new stake in Huntington Ingalls Industries during the 2nd quarter valued at $31,532,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Huntington Ingalls Industries by 58.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,080 shares of the aerospace company’s stock worth $67,145,000 after acquiring an additional 102,315 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 1,949 shares of the company’s stock, valued at $844,774.56. This represents a 46.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HII has been the subject of several recent research reports. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. The Goldman Sachs Group raised 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. Citigroup raised their target price on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $300.00 to $400.00 in a report on Thursday, February 12th. Finally, Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $370.38.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $421.62 on Friday. The firm has a market capitalization of $16.54 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 1.78 and a beta of 0.32. 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 stock has a fifty day moving average of $407.27 and a 200 day moving average of $335.06. Huntington Ingalls Industries, Inc. has a 52-week low of $177.42 and a 52-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 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter last year, the company posted $3.15 EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

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.