Horizon Investments LLC Acquires 18,185 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Horizon Investments LLC boosted its stake in Huntington Ingalls Industries by 2,886.5% in Q4, acquiring an additional 18,185 shares to hold 18,815 shares valued at about $6.398 million.
• Company insiders have been selling: EVP Eric D. Chewning sold 1,700 shares at ~$433.44 and VP Chad N. Boudreaux sold 4,400 shares at ~$422.45, with insiders now owning 0.80% of the stock.
• Analyst sentiment skews positive with a consensus rating of “Moderate Buy” and a consensus price target of $383.22, as several firms raised ratings and targets (e.g., TD Cowen to $460, Goldman Sachs to $425, Weiss to buy).

Horizon Investments LLC boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 2,886.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor 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.

Other hedge funds have also added to or reduced their stakes in the company. TriaGen Wealth Management LLC raised its stake in shares of Huntington Ingalls Industries by 1.6% in the fourth quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company's stock worth $670,000 after purchasing an additional 31 shares during the last quarter. CI Investments Inc. lifted its holdings in shares of Huntington Ingalls Industries by 16.7% in the third quarter. CI Investments Inc. now owns 231 shares of the aerospace company's stock valued at $67,000 after purchasing an additional 33 shares in the last quarter. Oakworth Capital Inc. boosted its position in shares of Huntington Ingalls Industries by 1.7% during the fourth quarter. Oakworth Capital Inc. now owns 2,205 shares of the aerospace company's stock valued at $750,000 after buying an additional 36 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in Huntington Ingalls Industries by 3.9% during the third 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 in the last quarter. Finally, 1834 Investment Advisors Co. grew its holdings in Huntington Ingalls Industries by 1.6% during the third 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. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Transactions at Huntington Ingalls Industries

In other news, EVP Eric D. Chewning sold 1,700 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were 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 of the company's stock, valued at $844,774.56. This represents a 46.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chad N. Boudreaux sold 4,400 shares of the firm's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the sale, the vice president owned 20,360 shares of the company's stock, valued at approximately $8,601,082. The trade was a 17.77% 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.

Analysts Set New Price Targets

HII has been the topic of several recent analyst reports. Weiss Ratings upgraded Huntington Ingalls Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, March 19th. TD Cowen upped their target price on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday, March 6th. The Goldman Sachs Group increased their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a "buy" rating in a report on Tuesday, January 20th. Wall Street Zen raised shares of Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Wells Fargo & Company assumed coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an "equal weight" rating and a $400.00 price target on the stock. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries has a consensus rating of "Moderate Buy" and a consensus price target of $383.22.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $359.78 on Friday. The business's fifty day simple moving average is $404.59 and its 200 day simple moving average is $369.09. 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, Inc. has a 12 month low of $215.04 and a 12 month high of $460.00. The firm has a market capitalization of $14.12 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 1.46 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.72 by $0.32. The firm had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business's revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.15 EPS. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.3 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

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

Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.