State of Wyoming Takes $496,000 Position in Huntington Ingalls Industries, Inc. $HII

State of Wyoming acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 1,722 shares of the aerospace company’s stock, valued at approximately $496,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC increased its stake in shares of Huntington Ingalls Industries by 3.9% in the third quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock valued at $291,000 after purchasing an additional 38 shares during the period. 1834 Investment Advisors Co. grew its holdings in Huntington Ingalls Industries by 1.6% in the 3rd quarter. 1834 Investment Advisors Co. now owns 2,535 shares of the aerospace company’s stock worth $730,000 after buying an additional 39 shares in the last quarter. O Keefe Stevens Advisory Inc. increased its position in Huntington Ingalls Industries by 0.7% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 5,758 shares of the aerospace company’s stock valued at $1,658,000 after acquiring an additional 40 shares during the period. Resona Asset Management Co. Ltd. increased its position in Huntington Ingalls Industries by 10.1% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 438 shares of the aerospace company’s stock valued at $122,000 after acquiring an additional 40 shares during the period. Finally, Spire Wealth Management raised its stake in Huntington Ingalls Industries by 12.6% during the 3rd quarter. Spire Wealth Management now owns 367 shares of the aerospace company’s stock valued at $106,000 after acquiring an additional 41 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Huntington Ingalls Industries

In other news, CEO Christopher D. Kastner sold 15,000 shares of the company’s stock in a transaction on 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Edmond E. Jr. Hughes sold 850 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the completion of the transaction, the vice president owned 8,731 shares of the company’s stock, valued at $2,754,106.64. This trade represents a 8.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,637 shares of company stock valued at $5,331,276 over the last three months. Company insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Trading Up 2.1%

Huntington Ingalls Industries stock opened at $429.17 on Wednesday. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 1.69 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $436.14. The firm’s 50 day moving average price is $364.28 and its two-hundred day moving average price is $311.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.14.

Analyst Ratings Changes

A number of research analysts have recently commented on HII shares. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. TD Cowen increased their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Sanford C. Bernstein restated a “market perform” rating and set a $362.00 price target on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. The Goldman Sachs Group upped their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Thursday, January 22nd. Five 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 MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus price target of $343.63.

Huntington Ingalls Industries Company 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.