Ironsides Asset Advisors LLC Makes New $461,000 Investment in Huntington Ingalls Industries, Inc. $HII

Ironsides Asset Advisors LLC bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,600 shares of the aerospace company’s stock, valued at approximately $461,000.

Other large investors also recently modified their holdings of the company. Maverick Capital Ltd. bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $93,332,000. Orion Porfolio Solutions LLC grew its holdings in Huntington Ingalls Industries by 3,576.2% during the second quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock valued at $47,268,000 after purchasing an additional 190,434 shares during the period. Sunriver Management LLC purchased a new stake in Huntington Ingalls Industries in the second quarter worth $31,532,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Huntington Ingalls Industries by 58.2% in 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 buying an additional 102,315 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of Huntington Ingalls Industries by 83.5% in the third quarter. Citigroup Inc. now owns 205,133 shares of the aerospace company’s stock valued at $59,060,000 after buying an additional 93,371 shares during the period. 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 firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the sale, the executive vice president owned 1,949 shares of the company’s stock, valued at $844,774.56. This trade represents a 46.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $430.37 on Friday. The company’s 50 day simple moving average is $408.85 and its two-hundred day simple moving average is $336.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. Huntington Ingalls Industries, Inc. has a 1 year low of $177.42 and a 1 year high of $460.00. The stock has a market capitalization of $16.89 billion, a PE ratio of 28.00, a P/E/G ratio of 1.72 and a beta of 0.32.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business earned $3.15 EPS. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. TD Cowen increased their price target on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday. Wall Street Zen cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $421.00 price objective on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Bank of America upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $300.00 to $400.00 in a research report on Thursday, February 12th. Finally, Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $384.13.

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.