Guided Capital Wealth Management LLC Invests $2.66 Million in Huntington Ingalls Industries, Inc. $HII

Guided Capital Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, Holdings Channel reports. The fund bought 7,829 shares of the aerospace company’s stock, valued at approximately $2,662,000. Huntington Ingalls Industries makes up approximately 1.9% of Guided Capital Wealth Management LLC’s portfolio, making the stock its 21st largest position.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in shares of Huntington Ingalls Industries by 509.2% in the third quarter. AQR Capital Management LLC now owns 586,929 shares of the aerospace company’s stock valued at $168,983,000 after purchasing an additional 490,587 shares during the period. Maverick Capital Ltd. acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth about $93,332,000. Orion Porfolio Solutions LLC raised its position in shares of 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 worth $47,268,000 after purchasing an additional 190,434 shares during the last quarter. Sunriver Management LLC purchased a new position in Huntington Ingalls Industries in the 2nd quarter valued at about $31,532,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Huntington Ingalls Industries by 42.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 396,425 shares of the aerospace company’s stock valued at $114,135,000 after buying an additional 118,345 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 2.7%

Shares of NYSE HII opened at $379.18 on Wednesday. Huntington Ingalls Industries, Inc. has a 12-month low of $177.42 and a 12-month high of $460.00. The stock has a market cap of $14.88 billion, a PE ratio of 24.67, a P/E/G ratio of 1.51 and a beta of 0.32. 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 company has a 50-day moving average of $417.24 and a 200 day moving average of $353.32.

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

Huntington Ingalls Industries Announces Dividend

The business also recently declared 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 dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $421.00 price objective on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. The Goldman Sachs Group raised their target price on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 19th. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Finally, Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $384.13.

Insider Buying and Selling

In other Huntington Ingalls Industries news, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction 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 directly owned 1,949 shares in the company, valued at $844,774.56. This represents a 46.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Chad N. Boudreaux sold 4,400 shares of the firm’s stock in a transaction on 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 completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.80% of the company’s stock.

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.