Huntington Ingalls Industries, Inc. (NYSE:HII) Stake Boosted by Walled Lake Planning & Wealth Management LLC

Key Points

• Walled Lake Planning & Wealth Management LLC increased its stake in Huntington Ingalls Industries by 9.4% during the first quarter, now owning 26,561 shares worth approximately $5.4 million, which is 1.9% of its total portfolio.
• Several hedge funds are actively investing in Huntington Ingalls Industries, with institutional investors collectively owning 90.46% of the company's stock.
• Equities analysts have raised their price targets for Huntington Ingalls Industries, with a majority recommending a "hold" rating and the average target price now sitting at $251.38.

Walled Lake Planning & Wealth Management LLC raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,561 shares of the aerospace company's stock after buying an additional 2,282 shares during the period. Huntington Ingalls Industries accounts for 1.9% of Walled Lake Planning & Wealth Management LLC's investment portfolio, making the stock its 16th biggest holding. Walled Lake Planning & Wealth Management LLC owned 0.07% of Huntington Ingalls Industries worth $5,419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HII. GAMMA Investing LLC grew its stake in Huntington Ingalls Industries by 75,182.7% in the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after buying an additional 491,695 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Huntington Ingalls Industries by 1,648.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock valued at $71,029,000 after buying an additional 354,374 shares in the last quarter. Auto Owners Insurance Co grew its stake in Huntington Ingalls Industries by 273.2% in the 1st quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock valued at $92,901,000 after buying an additional 333,308 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Huntington Ingalls Industries by 4,900.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock valued at $39,774,000 after purchasing an additional 206,271 shares during the period. Finally, Earnest Partners LLC boosted its holdings in Huntington Ingalls Industries by 32.6% in the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock valued at $157,216,000 after purchasing an additional 204,376 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HII. 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. Barclays boosted their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a research report on Thursday, May 15th. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price target for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of "Hold" and a consensus price target of $251.38.

Insider Activity

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the transaction, the vice president owned 9,581 shares in the company, valued at $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the sale, the director owned 17,485 shares of the company's stock, valued at approximately $4,066,661.30. This trade represents a 10.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Performance

NYSE HII traded down $2.45 during mid-day trading on Wednesday, reaching $258.39. 540,294 shares of the stock were exchanged, compared to its average volume of 380,433. The business's 50 day moving average is $241.14 and its 200-day moving average is $214.94. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The company has a market capitalization of $10.14 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.60 and a beta of 0.31. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same period in the prior year, the business earned $3.87 earnings per share. The company's quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.09%. Huntington Ingalls Industries's payout ratio is 38.90%.

About Huntington Ingalls Industries

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.