Parcion Private Wealth LLC Makes New $461,000 Investment in Huntington Ingalls Industries, Inc. $HII

by · The Cerbat Gem

Parcion Private Wealth LLC bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,355 shares of the aerospace company’s stock, valued at approximately $461,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in shares of Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Huntington Ingalls Industries by 329.4% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 280 shares during the last quarter. Marshall Wace LLP increased its position in Huntington Ingalls Industries by 432.1% during the second quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock worth $9,210,000 after purchasing an additional 30,975 shares during the last quarter. Cresset Asset Management LLC raised its stake in Huntington Ingalls Industries by 23.0% during the second quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 294 shares during the period. Finally, Jump Financial LLC purchased a new position in Huntington Ingalls Industries during the second quarter worth about $398,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $396.35 on Friday. 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 52-week low of $211.49 and a 52-week high of $460.00. The firm has a market cap of $15.55 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.62 and a beta of 0.36. The company’s 50 day moving average is $412.93 and its two-hundred day moving average is $362.59.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last posted its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The company’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.15 earnings per share. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $1.38 per share. The ex-dividend date was Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.4%. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Insider Activity

In other news, VP Chad N. Boudreaux sold 4,400 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the completion of the transaction, the vice president directly owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the sale, the executive vice president owned 1,949 shares in the company, valued at $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HII. The Goldman Sachs Group increased their price target 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. Wells Fargo & Company assumed coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price target on the stock. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 19th. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $300.00 to $400.00 in a research report on Thursday, February 12th. Finally, TD Cowen raised their target price on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Moderate Buy” and an average price target of $383.22.

View Our Latest Stock Analysis on Huntington Ingalls Industries

Huntington Ingalls Industries Profile

(Free Report)

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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