Hennion & Walsh Asset Management Inc. Has $3.26 Million Stock Position in Huntington Ingalls Industries, Inc. $HII

Hennion & Walsh Asset Management Inc. increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 18.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,591 shares of the aerospace company’s stock after purchasing an additional 1,478 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $3,262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC raised its position in Huntington Ingalls Industries by 509.2% during the third quarter. AQR Capital Management LLC now owns 586,929 shares of the aerospace company’s stock worth $168,983,000 after acquiring an additional 490,587 shares in the last quarter. Maverick Capital Ltd. bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $93,332,000. Orion Porfolio Solutions LLC increased its stake 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 bought a new stake in shares of 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 purchasing an additional 118,345 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Trading Up 2.7%

Shares of Huntington Ingalls Industries stock opened at $379.18 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. Huntington Ingalls Industries, Inc. has a 12-month low of $177.42 and a 12-month high of $460.00. The company has a market capitalization of $14.88 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.51 and a beta of 0.32. The firm’s 50-day moving average price is $417.24 and its two-hundred day moving average price is $353.32.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.15 EPS. On average, 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 declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $1.38 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.5%. Huntington Ingalls Industries’s payout ratio is 35.91%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 4,400 shares of the 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 transaction, the vice president directly owned 20,360 shares in the company, valued at approximately $8,601,082. This represents a 17.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric D. Chewning sold 1,700 shares of the firm’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 transaction of $736,848.00. Following the sale, the executive vice president directly owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. This trade represents a 46.59% decrease in their position. The SEC filing for this sale provides additional information. 0.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup lifted their price target on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $300.00 to $400.00 in a research report on Thursday, February 12th. TD Cowen boosted their target price on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Finally, Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 19th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.