Huntington Ingalls Industries, Inc. $HII Stock Holdings Raised by First Trust Advisors LP

First Trust Advisors LP grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 12.9% during the third quarter, HoldingsChannel.com reports. The firm owned 670,268 shares of the aerospace company’s stock after purchasing an additional 76,512 shares during the period. First Trust Advisors LP’s holdings in Huntington Ingalls Industries were worth $192,977,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Geneos Wealth Management Inc. increased its holdings 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 valued at $42,000 after buying an additional 59 shares during the last quarter. SouthState Corp lifted its holdings in Huntington Ingalls Industries by 310.0% during the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after buying an additional 93 shares during the last quarter. Savant Capital LLC acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $352,000. Summit Wealth & Retirement Planning Inc. acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $230,000. Finally, Metis Global Partners LLC acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $223,000. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, EVP Eric D. Chewning sold 1,700 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the sale, the executive vice president owned 1,949 shares of the company’s stock, valued at $844,774.56. This trade represents a 46.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HII. Citigroup upped their price target on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Bank of America upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and an average price target of $384.13.

Huntington Ingalls Industries Trading Up 2.2%

Shares of NYSE HII opened at $430.37 on Friday. Huntington Ingalls Industries, Inc. has a 12-month low of $177.42 and a 12-month high of $460.00. The company has a market cap of $16.89 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.32. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The stock’s 50 day simple moving average is $408.85 and its 200 day simple moving average is $336.69.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the business earned $3.15 EPS. The firm’s revenue was up 15.7% on a year-over-year basis. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

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.