Huntington Ingalls Industries, Inc. (NYSE:HII) Position Raised by Harvest Investment Advisors LLC

Key Points

• Harvest Investment Advisors LLC increased its stake in Huntington Ingalls Industries by 19.1% during the 1st quarter, owning now 8,449 shares valued at approximately $1.7 million.
• Other prominent institutional investors have significantly boosted their positions, including GAMMA Investing LLC with a 75,182.7% increase in shares owned, now totaling 492,349 shares worth around $1 billion.
• Huntington Ingalls Industries reported $3.86 earnings per share for the last quarter, surpassing the consensus estimate of $3.23, coupled with revenues of $3.08 billion.

Harvest Investment Advisors LLC increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 19.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,449 shares of the aerospace company's stock after buying an additional 1,352 shares during the period. Huntington Ingalls Industries comprises about 1.2% of Harvest Investment Advisors LLC's holdings, making the stock its 28th largest position. Harvest Investment Advisors LLC's holdings in Huntington Ingalls Industries were worth $1,724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sentry Investment Management LLC acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at about $26,000. HM Payson & Co. lifted its holdings in shares of Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after acquiring an additional 64 shares during the period. Park Square Financial Group LLC purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter worth about $31,000. Raiffeisen Bank International AG purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter worth about $36,000. Finally, Grove Bank & Trust purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter worth about $61,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Up 0.4%

Shares of HII stock traded up $1.00 during mid-day trading on Tuesday, reaching $267.65. 347,111 shares of the company were exchanged, compared to its average volume of 515,179. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $293.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The company has a market capitalization of $10.50 billion, a P/E ratio of 20.03, a P/E/G ratio of 1.62 and a beta of 0.33. The business's 50 day simple moving average is $248.96 and its 200 day simple moving average is $219.20.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, topping analysts' consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company earned $4.38 earnings per share. The business's quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $1.35 per share. The ex-dividend date is Friday, August 29th. This represents a $5.40 annualized dividend and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio (DPR) is 40.42%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HII shares. Barclays increased their price objective on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a report on Thursday, May 15th. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. The Goldman Sachs Group raised their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $258.88.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the transaction, the vice president directly owned 21,228 shares in the company, valued at $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.