Chesapeake Capital Corp IL Invests $667,000 in Huntington Ingalls Industries, Inc. $HII

Chesapeake Capital Corp IL bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 2,317 shares of the aerospace company’s stock, valued at approximately $667,000.

Other hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in Huntington Ingalls Industries by 40.1% in the 1st 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. Savant Capital LLC bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $352,000. Metis Global Partners LLC bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $223,000. AE Wealth Management LLC increased its position in shares of Huntington Ingalls Industries by 30.2% in the second quarter. AE Wealth Management LLC now owns 1,984 shares of the aerospace company’s stock valued at $479,000 after acquiring an additional 460 shares during the last quarter. Finally, Prospera Financial Services Inc raised its holdings in Huntington Ingalls Industries by 23.6% during the second quarter. Prospera Financial Services Inc now owns 2,720 shares of the aerospace company’s stock worth $657,000 after acquiring an additional 520 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Up 0.1%

Huntington Ingalls Industries stock opened at $415.15 on Friday. The stock has a 50-day simple moving average of $416.32 and a 200 day simple moving average of $341.42. The stock has a market capitalization of $16.29 billion, a P/E ratio of 27.01, a PEG ratio of 1.69 and a beta of 0.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. Huntington Ingalls Industries, Inc. has a 52 week low of $177.42 and a 52 week high of $460.00.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Insider Activity at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the transaction, the vice president owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. This represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Eric D. Chewning sold 1,700 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the transaction, the executive vice president owned 1,949 shares in the company, valued at approximately $844,774.56. This trade represents a 46.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

HII has been the subject of several recent research reports. Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. TD Cowen upped their price objective on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Bank of America raised shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and raised their target price for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $384.13.

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.