Unique Wealth Strategies LLC Purchases Shares of 2,843 Huntington Ingalls Industries, Inc. (NYSE:HII)

Unique Wealth Strategies LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,843 shares of the aerospace company's stock, valued at approximately $738,000.

A number of other hedge funds have also added to or reduced their stakes in HII. Quantbot Technologies LP bought a new position in Huntington Ingalls Industries in the third quarter valued at approximately $25,000. Cranbrook Wealth Management LLC bought a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $30,000. Level Financial Advisors Inc. bought a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $43,000. Finally, Headlands Technologies LLC increased its stake in Huntington Ingalls Industries by 30.1% in the third quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company's stock valued at $46,000 after acquiring an additional 52 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HII. Barclays raised their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. raised their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an "overweight" rating in a research report on Thursday, March 21st.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock traded up $0.99 during mid-day trading on Friday, reaching $276.97. The company had a trading volume of 259,166 shares, compared to its average volume of 314,788. Huntington Ingalls Industries, Inc. has a fifty-two week low of $188.51 and a fifty-two week high of $299.50. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The company has a market cap of $10.97 billion, a P/E ratio of 16.20, a P/E/G ratio of 2.60 and a beta of 0.60. The business has a fifty day simple moving average of $285.45 and a 200 day simple moving average of $260.06.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share for the quarter, beating analysts' consensus estimates of $4.27 by $2.63. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.78 billion. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The company's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $3.07 earnings per share. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.88%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 30.41%.

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 900 shares of Huntington Ingalls Industries stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total transaction of $237,321.00. Following the transaction, the vice president now owns 19,100 shares in the company, valued at $5,036,479. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP D R. Wyatt sold 900 shares of the business's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the transaction, the vice president now owns 19,100 shares in the company, valued at $5,036,479. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Nicolas G. Schuck sold 1,293 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the transaction, the chief accounting officer now owns 2,250 shares in the company, valued at approximately $655,380. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,472 shares of company stock worth $2,398,345. Company insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Profile

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.