Horizon Investments LLC Raises Holdings in Huntington Ingalls Industries, Inc. $HII

Horizon Investments LLC lifted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2,886.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,815 shares of the aerospace company’s stock after acquiring an additional 18,185 shares during the quarter. Horizon Investments LLC’s holdings in Huntington Ingalls Industries were worth $6,398,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Huntington Ingalls Industries by 5.9% in the third quarter. Dimensional Fund Advisors LP now owns 966,622 shares of the aerospace company’s stock worth $278,272,000 after purchasing an additional 54,139 shares in the last quarter. Earnest Partners LLC raised its position in shares of Huntington Ingalls Industries by 0.7% in the third quarter. Earnest Partners LLC now owns 901,140 shares of the aerospace company’s stock valued at $259,447,000 after purchasing an additional 6,046 shares during the period. First Trust Advisors LP lifted its stake in shares of Huntington Ingalls Industries by 12.9% during the 3rd quarter. First Trust Advisors LP now owns 670,268 shares of the aerospace company’s stock valued at $192,977,000 after buying an additional 76,512 shares in the last quarter. Bank of America Corp DE boosted its holdings in Huntington Ingalls Industries by 4.0% in the 2nd quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock worth $160,919,000 after buying an additional 25,737 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Huntington Ingalls Industries by 509.2% in the 3rd quarter. AQR Capital Management LLC now owns 586,929 shares of the aerospace company’s stock worth $168,983,000 after buying an additional 490,587 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

HII has been the topic of a number of analyst reports. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 target price on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Wells Fargo & Company initiated coverage on Huntington Ingalls Industries in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price target for the company. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. TD Cowen boosted their price objective on Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Finally, Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $300.00 to $400.00 in a report on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Moderate Buy” and a consensus price target of $383.22.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $359.78 on Friday. Huntington Ingalls Industries, Inc. has a 52-week low of $215.04 and a 52-week high of $460.00. The stock has a fifty day moving average of $404.59 and a 200 day moving average of $369.09. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 1.46 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results 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 return on equity of 12.28% and a net margin of 4.85%.The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the company earned $3.15 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 17.3 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the transaction, the vice president owned 20,360 shares of the company’s stock, valued at $8,601,082. The trade was a 17.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the transaction, the executive vice president directly owned 1,949 shares in the company, valued at $844,774.56. The trade was a 46.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.80% of the company’s stock.

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.