Sivia Capital Partners LLC Makes New $662,000 Investment in Huntington Ingalls Industries, Inc. $HII

Sivia Capital Partners LLC acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,946 shares of the aerospace company’s stock, valued at approximately $662,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HII. Geneos Wealth Management Inc. boosted its position in Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Huntington Ingalls Industries by 329.4% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 280 shares during the last quarter. Marshall Wace LLP boosted its position in Huntington Ingalls Industries by 432.1% in the second quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock worth $9,210,000 after purchasing an additional 30,975 shares during the last quarter. Cresset Asset Management LLC boosted its position in Huntington Ingalls Industries by 23.0% in the second quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 294 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Huntington Ingalls Industries in the second quarter worth $398,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HII shares. Wall Street Zen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Wells Fargo & Company started coverage on Huntington Ingalls Industries in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price objective on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Citigroup cut their price objective on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, Bank of America raised 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 research report on Thursday, February 12th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $388.50.

Huntington Ingalls Industries Stock Up 2.4%

Shares of NYSE HII opened at $294.40 on Friday. Huntington Ingalls Industries, Inc. has a one year low of $215.04 and a one year high of $460.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. The business’s fifty day moving average price is $354.29 and its 200-day moving average price is $371.91. The stock has a market capitalization of $11.60 billion, a PE ratio of 19.15, a P/E/G ratio of 1.22 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.79 EPS. On average, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, the vice president owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.80% of the company’s stock.

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.