Three Seasons Wealth LLC Buys New Stake in Huntington Ingalls Industries, Inc. $HII

Three Seasons Wealth LLC purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the third quarter, Holdings Channel reports. The fund purchased 1,865 shares of the aerospace company’s stock, valued at approximately $537,000.

Several other institutional investors and hedge funds also recently modified their holdings of HII. Northwestern Mutual Wealth Management Co. raised its stake in shares of Huntington Ingalls Industries by 52.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,785 shares of the aerospace company’s stock valued at $772,000 after purchasing an additional 1,296 shares in the last quarter. Comerica Bank increased its stake in Huntington Ingalls Industries by 52.7% during the 1st quarter. Comerica Bank now owns 9,837 shares of the aerospace company’s stock valued at $2,007,000 after buying an additional 3,394 shares during the period. Canada Pension Plan Investment Board increased its stake in Huntington Ingalls Industries by 42.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 16,231 shares of the aerospace company’s stock valued at $3,312,000 after buying an additional 4,800 shares during the period. Baird Financial Group Inc. raised its position in shares of Huntington Ingalls Industries by 16.6% during the 1st quarter. Baird Financial Group Inc. now owns 6,600 shares of the aerospace company’s stock worth $1,347,000 after buying an additional 942 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Huntington Ingalls Industries by 5.3% in the 1st quarter. Royal Bank of Canada now owns 106,415 shares of the aerospace company’s stock worth $21,713,000 after acquiring an additional 5,383 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insider Activity

In other news, VP Chad N. Boudreaux sold 787 shares of the business’s stock in a transaction that occurred 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 sale, the vice president owned 20,441 shares in the company, valued at $6,421,948.97. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Edmond E. Jr. Hughes sold 850 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $315.44, for a total transaction of $268,124.00. Following the completion of the transaction, the vice president directly owned 8,731 shares of the company’s stock, valued at $2,754,106.64. This represents a 8.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,103 shares of company stock valued at $5,477,768 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $351.11 on Monday. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $360.20. The business’s fifty day moving average is $315.98 and its two-hundred day moving average is $282.63. The stock has a market capitalization of $13.78 billion, a P/E ratio of 24.25, a P/E/G ratio of 1.68 and a beta of 0.37. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.14.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.56 EPS. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, November 28th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s dividend payout ratio is presently 38.12%.

Wall Street Analysts Forecast Growth

HII has been the topic of a number of research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $362.00 price objective on shares of Huntington Ingalls Industries in a research note on Friday, November 7th. Wall Street Zen raised Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. JPMorgan Chase & Co. lifted their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Citigroup started coverage on Huntington Ingalls Industries in a report on Friday, December 12th. They issued a “buy” rating and a $376.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $325.75.

About Huntington Ingalls Industries

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.