United Capital Management of KS Inc. Acquires 3,000 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• United Capital Management of KS Inc. doubled its stake in Huntington Ingalls (NYSE: HII), buying an additional 3,000 shares to hold 6,000 shares worth about $1.727 million after the transaction.
• Huntington Ingalls beat quarterly estimates with EPS of $4.04 vs $3.72 and revenue of $3.48B vs $3.09B (revenue up 15.7%), and announced a quarterly dividend of $1.38 ($5.52 annual, ~1.3% yield).
• EVP Eric D. Chewning sold 1,700 shares at $433.44, cutting his ownership by ~46.6%; insiders own 0.72% while institutional investors hold 90.46% of the company, and analysts carry a consensus "Moderate Buy" rating (average target $370.38).

United Capital Management of KS Inc. raised its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 100.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,000 shares of the aerospace company's stock after purchasing an additional 3,000 shares during the period. United Capital Management of KS Inc.'s holdings in Huntington Ingalls Industries were worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of HII. Geode Capital Management LLC grew its holdings in Huntington Ingalls Industries by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company's stock valued at $252,403,000 after purchasing an additional 16,236 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Huntington Ingalls Industries by 5.9% during the third quarter. Dimensional Fund Advisors LP now owns 966,622 shares of the aerospace company's stock valued at $278,272,000 after buying an additional 54,139 shares during the period. Bank of America Corp DE grew its stake in shares of Huntington Ingalls Industries by 4.0% during the second quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company's stock valued at $160,919,000 after buying an additional 25,737 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Huntington Ingalls Industries by 4.2% in the second quarter. Sei Investments Co. now owns 465,250 shares of the aerospace company's stock worth $112,337,000 after buying an additional 18,777 shares during the period. Finally, Maverick Capital Ltd. bought a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $93,332,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, EVP Eric D. Chewning sold 1,700 shares of the 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 sale, the executive vice president directly owned 1,949 shares in the company, valued at approximately $844,774.56. This trade represents a 46.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Trading Down 3.5%

HII opened at $421.62 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm has a market cap of $16.54 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 1.78 and a beta of 0.32. Huntington Ingalls Industries, Inc. has a 12 month low of $177.42 and a 12 month high of $460.00. The stock has a fifty day moving average price of $407.27 and a 200-day moving average price of $335.06.

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 company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm's quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.15 earnings per share. As a group, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, February 27th. Huntington Ingalls Industries's dividend payout ratio is currently 35.91%.

Analyst Ratings Changes

Several research analysts recently commented on HII shares. Bank of America raised shares of Huntington Ingalls Industries from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $300.00 to $400.00 in a research note on Thursday, February 12th. Weiss Ratings upgraded shares of Huntington Ingalls Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, February 19th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 31st. Sanford C. Bernstein reiterated a "market perform" rating and issued a $421.00 price target on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Finally, The Goldman Sachs Group raised their price objective on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a "buy" rating in a report on Tuesday, January 20th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Moderate Buy" and an average price target of $370.38.

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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