Wealth Enhancement Advisory Services LLC Has $59.73 Million Stake in Huntington Ingalls Industries, Inc. $HII

Wealth Enhancement Advisory Services LLC trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 16.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 209,282 shares of the aerospace company’s stock after selling 42,428 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Huntington Ingalls Industries were worth $59,725,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HII. Rovin Capital UT ADV boosted its stake in shares of Huntington Ingalls Industries by 15.3% during the 3rd quarter. Rovin Capital UT ADV now owns 2,471 shares of the aerospace company’s stock worth $712,000 after acquiring an additional 328 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Huntington Ingalls Industries by 17.8% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,998 shares of the aerospace company’s stock valued at $1,727,000 after purchasing an additional 908 shares during the last quarter. Maryland State Retirement & Pension System raised its position in shares of Huntington Ingalls Industries by 15.3% in the third quarter. Maryland State Retirement & Pension System now owns 2,102 shares of the aerospace company’s stock valued at $605,000 after purchasing an additional 279 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Huntington Ingalls Industries by 174.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,871 shares of the aerospace company’s stock worth $1,978,000 after buying an additional 4,365 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 3.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock worth $291,000 after buying an additional 38 shares during the period. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HII shares. TD Cowen increased 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. Citigroup lifted their price target on Huntington Ingalls Industries from $376.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. increased their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Finally, Melius upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $335.00.

Insider Transactions at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 466 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total transaction of $146,491.76. Following the sale, the chief accounting officer owned 2,418 shares in the company, valued at $760,122.48. This represents a 16.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher D. Kastner sold 15,000 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total value of $4,815,900.00. Following the completion of the sale, the chief executive officer owned 68,139 shares of the company’s stock, valued at approximately $21,876,707.34. The trade was a 18.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 17,103 shares of company stock worth $5,477,768 in the last 90 days. 0.86% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Price Performance

NYSE:HII traded down $2.25 during trading hours on Tuesday, hitting $423.65. The company’s stock had a trading volume of 127,559 shares, compared to its average volume of 664,617. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $432.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.14 and a quick ratio of 1.06. The stock has a fifty day simple moving average of $340.10 and a 200-day simple moving average of $298.59. The company has a market capitalization of $16.62 billion, a P/E ratio of 29.14, a PEG ratio of 1.72 and a beta of 0.36.

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

About Huntington Ingalls Industries

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.