Guided Capital Wealth Management LLC Takes $2.66 Million Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Guided Capital Wealth Management LLC acquired a new position of 7,829 shares in HII, valued at approximately $2.66 million, representing 1.9% of its portfolio and its 21st largest holding.
• Multiple analysts have upgraded Huntington Ingalls recently and raised price targets; the consensus rating is a Moderate Buy with an average price target of $384.13.
• Senior insiders sold stock in early March (the VP sold 4,400 shares at about $422.45 and the EVP sold 1,700 shares at about $433.44), indicating notable insider selling activity.

Guided Capital Wealth Management LLC acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,829 shares of the aerospace company's stock, valued at approximately $2,662,000. Huntington Ingalls Industries comprises 1.9% of Guided Capital Wealth Management LLC's investment portfolio, making the stock its 21st biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in Huntington Ingalls Industries in the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. raised its position in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company's stock worth $26,000 after buying an additional 63 shares during the last quarter. Anchor Investment Management LLC lifted its stake in Huntington Ingalls Industries by 400.0% during the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 100 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 363.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company's stock valued at $33,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analyst Weigh In

HII has been the subject of several recent research reports. Wall Street Zen raised shares of Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 21st. TD Cowen upped their price target on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a "buy" rating in a report on Friday, March 6th. Citigroup increased their price target on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Melius Research upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research note on Monday, January 5th. Finally, Bank of America raised Huntington Ingalls Industries from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $300.00 to $400.00 in a report on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $384.13.

Insider Activity

In related news, VP Chad N. Boudreaux sold 4,400 shares of Huntington Ingalls Industries stock in a transaction dated 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 completion of the transaction, the vice president owned 20,360 shares in the company, valued at $8,601,082. The trade was a 17.77% 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, EVP Eric D. Chewning sold 1,700 shares of the company's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the completion of the transaction, the executive vice president directly owned 1,949 shares of the company's stock, valued at $844,774.56. The trade was a 46.59% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.80% of the company's stock.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $379.18 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 1.51 and a beta of 0.32. The company has a 50 day moving average price of $417.24 and a 200-day moving average price of $353.32. Huntington Ingalls Industries, Inc. has a 1-year low of $177.42 and a 1-year high of $460.00.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.72 by $0.32. The firm had revenue of $3.48 billion during the quarter, compared to analysts' expectations of $3.09 billion. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The business's revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.15 EPS. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $1.38 dividend. The ex-dividend date was Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. Huntington Ingalls Industries's dividend payout ratio is 35.91%.

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.

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