Unique Wealth Strategies LLC Makes New Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Unique Wealth Strategies LLC acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, Holdings Channel.com reports. The firm acquired 2,843 shares of the aerospace company’s stock, valued at approximately $738,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HII. Qube Research & Technologies Ltd grew its position in shares of Huntington Ingalls Industries by 266.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 171,496 shares of the aerospace company’s stock valued at $35,085,000 after purchasing an additional 124,685 shares during the period. Copeland Capital Management LLC grew its position in shares of Huntington Ingalls Industries by 2,689.4% in the 4th quarter. Copeland Capital Management LLC now owns 80,587 shares of the aerospace company’s stock valued at $20,924,000 after purchasing an additional 77,698 shares during the period. Bar Harbor Wealth Management acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at approximately $7,595,000. Northern Trust Corp boosted its position in Huntington Ingalls Industries by 11.6% during the 3rd quarter. Northern Trust Corp now owns 351,432 shares of the aerospace company’s stock worth $71,896,000 after acquiring an additional 36,560 shares during the last quarter. Finally, Ceredex Value Advisors LLC acquired a new position in Huntington Ingalls Industries during the 4th quarter worth approximately $9,360,000. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays upped their price target on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. upped their price target on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st.

Insider Activity at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the sale, the chief accounting officer now owns 2,250 shares in the company, valued at approximately $655,380. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the transaction, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at approximately $655,380. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jennifer R. Boykin sold 2,176 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $272.31, for a total value of $592,546.56. Following the completion of the transaction, the vice president now directly owns 6,877 shares in the company, valued at $1,872,675.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,472 shares of company stock worth $2,398,345. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Up 0.4 %

Shares of Huntington Ingalls Industries stock traded up $0.99 on Friday, reaching $276.97. 259,166 shares of the company were exchanged, compared to its average volume of 314,788. Huntington Ingalls Industries, Inc. has a one year low of $188.51 and a one year high of $299.50. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 2.60 and a beta of 0.60. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $285.45 and a 200 day moving average of $259.78.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the prior year, the business posted $3.07 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.41%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.