Whitaker Myers Wealth Managers LTD. Acquires New Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Whitaker Myers Wealth Managers LTD. acquired a new stake of 4,927 shares in Huntington Ingalls Industries (HII) during Q4, valued at about $1.68 million, as part of a landscape where institutional investors own roughly 90.46% of the stock.
• Analyst sentiment is mixed-to-positive with an average MarketBeat rating of Moderate Buy (average price target $383.22); several firms recently raised targets (TD Cowen to $460, Goldman Sachs to $425) and the street shows six Buy and six Hold ratings.
• HII posted a Q4 beat—EPS $4.04 versus $3.72 consensus—and revenue rose 15.7% year-over-year, and the company pays a quarterly dividend of $1.38 (annualized $5.52, ~1.4% yield).

Whitaker Myers Wealth Managers LTD. acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,927 shares of the aerospace company's stock, valued at approximately $1,676,000.

Several other large investors have also bought and sold shares of the business. Jackson Thornton Wealth Management LLC lifted its holdings in Huntington Ingalls Industries by 10.4% in the fourth quarter. Jackson Thornton Wealth Management LLC now owns 968 shares of the aerospace company's stock valued at $356,000 after buying an additional 91 shares during the period. V Square Quantitative Management LLC acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $300,000. OFI Invest Asset Management acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $10,443,000. Jackson Square Capital LLC lifted its holdings in Huntington Ingalls Industries by 1.9% in the fourth quarter. Jackson Square Capital LLC now owns 4,330 shares of the aerospace company's stock valued at $1,473,000 after buying an additional 82 shares during the period. Finally, Capital Investment Advisory Services LLC acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $220,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HII. TD Cowen upped their target price on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a "buy" rating in a research note on Friday, March 6th. The Goldman Sachs Group upped their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a "buy" rating in a research note 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 note on Saturday, March 21st. Citigroup lowered their target price on shares of Huntington Ingalls Industries from $465.00 to $441.00 and set a "buy" rating for the company in a research note on Thursday, April 2nd. Finally, Bank of America raised shares of Huntington Ingalls Industries from an "underperform" rating to a "neutral" rating and upped their target price for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Huntington Ingalls Industries has an average rating of "Moderate Buy" and an average price target of $383.22.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 4,400 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the completion of the sale, the vice president owned 20,360 shares of the company's stock, valued at $8,601,082. This represents a 17.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of the firm's stock in a transaction 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 approximately $844,774.56. This trade represents a 46.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Down 2.0%

Shares of HII stock opened at $403.00 on Friday. The firm has a fifty day moving average of $414.35 and a 200-day moving average of $358.41. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. Huntington Ingalls Industries, Inc. has a 12-month low of $195.32 and a 12-month high of $460.00. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 1.67 and a beta of 0.36.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.72 by $0.32. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the firm earned $3.15 earnings per share. The firm's revenue was up 15.7% compared to the same quarter last year. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. Huntington Ingalls Industries's dividend payout ratio is currently 35.91%.

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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