SVB Wealth LLC Purchases Shares of 1,599 Huntington Ingalls Industries, Inc. $HII

SVB Wealth LLC acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,599 shares of the aerospace company’s stock, valued at approximately $386,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Huntington Ingalls Industries by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock worth $252,403,000 after buying an additional 16,236 shares during the period. Earnest Partners LLC boosted its holdings in shares of Huntington Ingalls Industries by 7.5% in the 1st quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company’s stock valued at $182,443,000 after acquiring an additional 62,190 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Huntington Ingalls Industries by 26.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock valued at $148,686,000 after acquiring an additional 150,204 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Huntington Ingalls Industries by 94.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock worth $83,311,000 after acquiring an additional 197,825 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 1.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 383,033 shares of the aerospace company’s stock worth $92,487,000 after purchasing an additional 6,670 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on HII. TD Cowen upped their price target on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, October 31st. JPMorgan Chase & Co. boosted their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Wall Street Zen upgraded Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. Bank of America raised their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $318.57.

Insider Activity at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 850 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the sale, the vice president owned 8,731 shares in the company, valued at $2,754,106.64. This trade represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher D. Kastner sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the sale, the chief executive officer directly owned 68,139 shares of the company’s stock, valued at $21,876,707.34. This represents a 18.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 17,103 shares of company stock valued at $5,477,768. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $323.49 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $330.00. The business’s 50 day moving average is $303.22 and its two-hundred day moving average is $272.71. The company has a market capitalization of $12.69 billion, a P/E ratio of 22.34, a P/E/G ratio of 1.63 and a beta of 0.37.

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

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a dividend of $1.38 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.12%.

About Huntington Ingalls Industries

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.