Todd Asset Management LLC Boosts Stake in Huntington Ingalls Industries, Inc. $HII

Todd Asset Management LLC increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 21.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,329 shares of the aerospace company’s stock after buying an additional 22,298 shares during the quarter. Todd Asset Management LLC owned about 0.32% of Huntington Ingalls Industries worth $36,659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its stake in Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 59 shares during the last quarter. Blair William & Co. IL acquired a new stake in Huntington Ingalls Industries during the 2nd quarter valued at approximately $330,000. Apollon Wealth Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the second quarter worth $255,000. CWM LLC boosted its holdings in Huntington Ingalls Industries by 29.5% in the second quarter. CWM LLC now owns 1,203 shares of the aerospace company’s stock valued at $291,000 after purchasing an additional 274 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $605,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 787 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total transaction of $247,251.79. Following the completion of the sale, the vice president owned 20,441 shares in the company, valued at approximately $6,421,948.97. The trade was a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $268,124.00. Following the completion of the transaction, the vice president directly 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 SEC filing for this sale provides additional information. 0.86% of the stock is owned by insiders.

Huntington Ingalls Industries Stock Up 2.9%

Shares of HII opened at $418.58 on Monday. Huntington Ingalls Industries, Inc. has a 12-month low of $159.41 and a 12-month high of $436.14. The firm has a market cap of $16.43 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.71 and a beta of 0.34. The company’s 50-day moving average price is $378.58 and its 200 day moving average price is $319.47. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

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

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced 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. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HII shares. TD Cowen increased their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Sanford C. Bernstein reissued a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $370.38.

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.