Guggenheim Capital LLC Makes New $409,000 Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Guggenheim Capital LLC purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,165 shares of the aerospace company's stock, valued at approximately $409,000.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after buying an additional 131 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at about $48,000. Bruce G. Allen Investments LLC raised its stake in shares of Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock valued at $53,000 after acquiring an additional 85 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth about $70,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of Huntington Ingalls Industries by 156.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock worth $91,000 after purchasing an additional 294 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on HII. Barclays dropped their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. The Goldman Sachs Group raised shares of Huntington Ingalls Industries from a "sell" rating to a "buy" rating and boosted their price objective for the company from $145.00 to $234.00 in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $231.11.

Huntington Ingalls Industries Stock Down 0.5 %

HII traded down $1.20 during midday trading on Friday, reaching $226.28. The company's stock had a trading volume of 208,900 shares, compared to its average volume of 766,836. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81. The stock's 50-day moving average is $202.72 and its 200-day moving average is $200.29. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.15 and a beta of 0.34. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the company earned $3.87 EPS. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.68%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now owns 2,884 shares of the company's stock, valued at $546,691.04. This trade represents a 20.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now directly owns 7,967 shares of the company's stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.

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.