Ritholtz Wealth Management Acquires 2,076 Shares of Huntington Ingalls Industries, Inc. $HII

Ritholtz Wealth Management lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 165.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,332 shares of the aerospace company’s stock after buying an additional 2,076 shares during the period. Ritholtz Wealth Management’s holdings in Huntington Ingalls Industries were worth $1,133,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HII. CYBER HORNET ETFs LLC bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at approximately $25,000. Rakuten Securities Inc. increased its position in shares of Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Huntington Ingalls Industries by 120.0% during the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 60 shares during the last quarter. Community Bank N.A. bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at approximately $35,000. Finally, Anchor Investment Management LLC increased its position in shares of Huntington Ingalls Industries by 400.0% during the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 100 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $397.56 on Wednesday. The stock’s fifty day moving average is $412.68 and its two-hundred day moving average is $362.10. The company has a market capitalization of $15.60 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 1.61 and a beta of 0.36. 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 52 week low of $211.49 and a 52 week high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last issued 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. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.15 EPS. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chad N. Boudreaux sold 4,400 shares of the company’s stock in a transaction dated 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 transaction, the vice president owned 20,360 shares in the company, valued at $8,601,082. This represents a 17.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HII shares. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 19th. The Goldman Sachs Group upped their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Sanford C. Bernstein reiterated a “market perform” rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Citigroup cut their price target on shares of Huntington Ingalls Industries from $465.00 to $441.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Bank of America upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their price target for the company from $300.00 to $400.00 in a report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Huntington Ingalls Industries currently has an average rating of “Moderate Buy” and an average target price of $383.22.

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.