Kestra Advisory Services LLC Buys 4,503 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Posted by Defense World Staff on Apr 19th, 2023

Kestra Advisory Services LLC raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII – Get Rating) by 39.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,054 shares of the aerospace company’s stock after purchasing an additional 4,503 shares during the period. Kestra Advisory Services LLC’s holdings in Huntington Ingalls Industries were worth $3,703,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Capital Investment Counsel Inc boosted its holdings in Huntington Ingalls Industries by 0.7% in the 4th quarter. Capital Investment Counsel Inc now owns 8,240 shares of the aerospace company’s stock valued at $1,901,000 after purchasing an additional 55 shares during the period. VELA Investment Management LLC boosted its holdings in Huntington Ingalls Industries by 65.2% in the 4th quarter. VELA Investment Management LLC now owns 6,265 shares of the aerospace company’s stock valued at $1,445,000 after purchasing an additional 2,473 shares during the period. Cookson Peirce & Co. Inc. boosted its holdings in Huntington Ingalls Industries by 18.0% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 2,192 shares of the aerospace company’s stock valued at $506,000 after purchasing an additional 334 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Huntington Ingalls Industries by 12.8% during the 4th quarter. New York State Common Retirement Fund now owns 45,960 shares of the aerospace company’s stock worth $10,602,000 after acquiring an additional 5,201 shares during the period. Finally, Byrne Asset Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 2.4% during the 4th quarter. Byrne Asset Management LLC now owns 2,911 shares of the aerospace company’s stock worth $672,000 after acquiring an additional 67 shares during the period. 86.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 3,662 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $222.41, for a total value of $814,465.42. Following the completion of the sale, the director now owns 351 shares in the company, valued at approximately $78,065.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 1,717 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $214.96, for a total value of $369,086.32. Following the completion of the sale, the vice president now owns 5,982 shares in the company, valued at approximately $1,285,890.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anastasi D. Kelly sold 3,662 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $222.41, for a total transaction of $814,465.42. Following the completion of the sale, the director now owns 351 shares of the company’s stock, valued at approximately $78,065.91. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,924 shares of company stock worth $1,522,231. 2.30% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Trading Up 0.3 %

Shares of HII stock opened at $212.03 on Wednesday. Huntington Ingalls Industries, Inc. has a 12-month low of $194.36 and a 12-month high of $260.02. The company has a market capitalization of $8.47 billion, a P/E ratio of 14.67 and a beta of 0.63. The firm has a 50-day moving average price of $211.88 and a 200 day moving average price of $224.56. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.72.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last announced its quarterly earnings results on Thursday, February 9th. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). Huntington Ingalls Industries had a net margin of 5.42% and a return on equity of 18.81%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the business earned $2.99 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts forecast that Huntington Ingalls Industries, Inc. will post 14.52 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 10th. Shareholders of record on Friday, February 24th were given a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, February 23rd. Huntington Ingalls Industries’s payout ratio is presently 34.33%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HII. StockNews.com began coverage on shares of Huntington Ingalls Industries in a report on Thursday, March 16th. They set a “buy” rating for the company. TheStreet raised shares of Huntington Ingalls Industries from a “c+” rating to a “b-” rating in a report on Wednesday, March 1st. Credit Suisse Group reduced their price objective on shares of Huntington Ingalls Industries from $244.00 to $230.00 and set a “neutral” rating for the company in a report on Friday, February 10th. Finally, Sanford C. Bernstein reduced their price objective on shares of Huntington Ingalls Industries from $247.00 to $236.00 and set a “market perform” rating for the company in a report on Monday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $245.86.

Huntington Ingalls Industries Profile

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Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Mission Technologies. The Ingalls segment designs and constructs non-nuclear ships, including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters (NSC).