1,747 Shares in Huntington Ingalls Industries, Inc. $HII Acquired by Transcendent Capital Group LLC

Transcendent Capital Group LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,747 shares of the aerospace company’s stock, valued at approximately $503,000.

Other institutional investors also recently modified their holdings of the company. Maverick Capital Ltd. acquired a new stake in shares of Huntington Ingalls Industries in the second quarter worth $93,332,000. Sound Shore Management Inc CT bought a new position in Huntington Ingalls Industries in the 2nd quarter worth $80,047,000. Orion Porfolio Solutions LLC lifted its position 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 worth $47,268,000 after acquiring an additional 190,434 shares during the last quarter. Sunriver Management LLC acquired a new position in Huntington Ingalls Industries during the 2nd quarter worth $31,532,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 valued at $67,145,000 after acquiring an additional 102,315 shares during the period. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $420.22 on Tuesday. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $436.14. The firm has a market capitalization of $16.49 billion, a PE ratio of 29.02, a PEG ratio of 1.69 and a beta of 0.34. The business’s 50 day moving average is $362.00 and its 200-day moving average is $310.33. The company has a current ratio of 1.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HII shares. TD Cowen lifted their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. The Goldman Sachs Group lifted their price target on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Sanford C. Bernstein reiterated a “market perform” rating and set a $362.00 price target on shares of Huntington Ingalls Industries in a report on Friday, November 7th. Citigroup increased their price objective on Huntington Ingalls Industries from $376.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $343.63.

Insider Buying and Selling

In other Huntington Ingalls Industries news, CEO Christopher D. Kastner sold 15,000 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the sale, the chief executive officer owned 68,139 shares in the company, valued at $21,876,707.34. The trade was a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Chad N. Boudreaux sold 787 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total transaction of $247,251.79. Following the completion of the sale, the vice president directly owned 20,441 shares in the company, valued at $6,421,948.97. This trade represents a 3.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,637 shares of company stock valued at $5,331,276 over the last ninety days. 0.86% of the stock is owned by company insiders.

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.