Wealth Enhancement Advisory Services LLC Trims Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Wealth Enhancement Advisory Services LLC lowered its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,205 shares of the aerospace company’s stock after selling 41,077 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Huntington Ingalls Industries were worth $61,842,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new position in shares of Huntington Ingalls Industries during the second quarter valued at approximately $25,000. Rakuten Securities Inc. boosted its position in shares of Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 60 shares in the last quarter. Community Bank N.A. purchased a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $35,000. Finally, Anchor Investment Management LLC grew its stake in shares of Huntington Ingalls Industries by 400.0% in the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after buying an additional 100 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Activity

In other news, EVP Eric D. Chewning sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Chad N. Boudreaux sold 4,400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the completion of the sale, the vice president owned 20,360 shares of the company’s stock, valued at $8,601,082. This represents a 17.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Performance

HII stock opened at $408.31 on Monday. The stock has a market capitalization of $16.02 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.66 and a beta of 0.32. Huntington Ingalls Industries, Inc. has a 12-month low of $177.42 and a 12-month high of $460.00. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The stock’s 50 day simple moving average is $421.13 and its 200 day simple moving average is $347.57.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the company earned $3.15 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 35.91%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Wall Street Zen upgraded Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. The Goldman Sachs Group upped their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. 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. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Moderate Buy” and an average price target 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.