Oak Thistle LLC Invests $1.06 Million in Huntington Ingalls Industries, Inc. $HII

Key Points

• Oak Thistle LLC purchased a new position of 3,114 shares in Huntington Ingalls (NYSE: HII) in the fourth quarter, valued at about $1.06 million.
• Institutional ownership is very high at 90.46%, with several funds materially increasing stakes (e.g., Marshall Wace now owns 38,144 shares worth ~$9.21M).
• HII recently beat quarterly estimates (EPS $4.04 vs. $3.72 est.; revenue $3.48B vs. $3.09B), and analysts are mixed-to-positive — average rating "Moderate Buy" with an average price target of $383.22 and top targets up to $460.

Oak Thistle LLC purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,114 shares of the aerospace company's stock, valued at approximately $1,059,000.

A number of other hedge funds have also modified their holdings of HII. Geneos Wealth Management Inc. grew its holdings in shares of Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock worth $42,000 after purchasing an additional 59 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Huntington Ingalls Industries by 329.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company's stock valued at $88,000 after acquiring an additional 280 shares during the period. Marshall Wace LLP boosted its holdings in Huntington Ingalls Industries by 432.1% during the 2nd quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company's stock valued at $9,210,000 after acquiring an additional 30,975 shares during the period. Cresset Asset Management LLC grew its position in Huntington Ingalls Industries by 23.0% in the 2nd quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company's stock valued at $381,000 after acquiring an additional 294 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in Huntington Ingalls Industries during the second quarter worth about $398,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HII shares. TD Cowen boosted their price target 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. Melius Research upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research note on Monday, January 5th. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 21st. Sanford C. Bernstein reiterated a "market perform" rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Finally, Citigroup cut their price target on shares of Huntington Ingalls Industries from $465.00 to $441.00 and set a "buy" rating on the stock in a research note on Thursday, April 2nd. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $383.22.

Huntington Ingalls Industries Price Performance

HII stock opened at $403.00 on Friday. 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 capitalization of $15.81 billion, a P/E ratio of 26.22, a P/E/G ratio of 1.67 and a beta of 0.36. The business's 50-day moving average is $414.35 and its two-hundred day moving average is $358.41. Huntington Ingalls Industries, Inc. has a 1 year low of $195.32 and a 1 year high of $460.00.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the company earned $3.15 EPS. The business's quarterly revenue was up 15.7% on a year-over-year basis. Analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, February 27th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 35.91%.

Insider Activity

In other news, EVP Eric D. Chewning sold 1,700 shares of the firm's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the sale, the executive vice president owned 1,949 shares of the company's stock, valued at approximately $844,774.56. This trade represents a 46.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Chad N. Boudreaux sold 4,400 shares of the firm's 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 sale, the vice president directly owned 20,360 shares in the company, valued at $8,601,082. This trade represents a 17.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by company insiders.

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.

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