Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Purchased by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC boosted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,297 shares of the aerospace company’s stock after buying an additional 133 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of Huntington Ingalls Industries by 5,658.6% during the 4th quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company’s stock worth $177,655,000 after acquiring an additional 672,353 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in 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 worth $35,085,000 after purchasing an additional 124,685 shares during the period. Copeland Capital Management LLC boosted its position in Huntington Ingalls Industries by 2,689.4% during the fourth quarter. Copeland Capital Management LLC now owns 80,587 shares of the aerospace company’s stock worth $20,924,000 after purchasing an additional 77,698 shares in the last quarter. Bar Harbor Wealth Management acquired a new stake in Huntington Ingalls Industries in the third quarter valued at approximately $7,595,000. Finally, Northern Trust Corp increased its position in shares of Huntington Ingalls Industries by 11.6% in the third quarter. Northern Trust Corp now owns 351,432 shares of the aerospace company’s stock valued at $71,896,000 after buying an additional 36,560 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HII shares. Barclays increased their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Finally, StockNews.com cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $246.25 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.89. Huntington Ingalls Industries, Inc. has a 1 year low of $188.51 and a 1 year high of $299.50. The firm has a market capitalization of $9.75 billion, a PE ratio of 13.88, a P/E/G ratio of 2.31 and a beta of 0.60. The business’s 50 day moving average price is $283.26 and its 200-day moving average price is $261.27.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.37. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the company posted $3.23 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 16.35 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $1.30 per share. The ex-dividend date is Friday, May 31st. This represents a $5.20 annualized dividend and a yield of 2.11%. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Edgar A. Green III sold 3,603 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $290.75, for a total value of $1,047,572.25. Following the completion of the sale, the vice president now owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CAO Nicolas G. Schuck sold 1,293 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the sale, the chief accounting officer now directly owns 2,250 shares in the company, valued at $655,380. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Edgar A. Green III sold 3,603 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the completion of the transaction, the vice president now owns 7,461 shares in the company, valued at $2,169,285.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,472 shares of company stock worth $2,398,345. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Company 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.