Valley National Advisers Inc. Takes Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Valley National Advisers Inc. acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,216 shares of the aerospace company’s stock, valued at approximately $1,094,000.

Several other large investors have also modified their holdings of HII. Cranbrook Wealth Management LLC purchased a new position in Huntington Ingalls Industries in the fourth quarter worth $28,000. Quantbot Technologies LP purchased a new position in Huntington Ingalls Industries in the third quarter worth $25,000. Level Financial Advisors Inc. purchased a new position in Huntington Ingalls Industries in the fourth quarter worth $43,000. Bruce G. Allen Investments LLC purchased a new position in Huntington Ingalls Industries in the fourth quarter worth $48,000. Finally, Almanack Investment Partners LLC. purchased a new position in Huntington Ingalls Industries in the third quarter worth $42,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Trading Down 0.1 %

Huntington Ingalls Industries stock opened at $285.68 on Tuesday. The stock has a 50-day moving average price of $284.81 and a 200 day moving average price of $253.61. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a 52 week low of $188.51 and a 52 week high of $299.50. The stock has a market cap of $11.32 billion, a PE ratio of 16.71, a P/E/G ratio of 2.70 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, February 1st. The aerospace company reported $6.90 earnings per share for the quarter, beating the consensus estimate of $4.27 by $2.63. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.78 billion. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.07 EPS. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.41%.

Insider Buying and Selling

In related news, VP Edgar A. Green III sold 3,603 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the transaction, the vice president now directly owns 7,461 shares of the company’s stock, valued at approximately $2,169,285.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP D R. Wyatt sold 900 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $263.69, for a total transaction of $237,321.00. Following the transaction, the vice president now directly owns 19,100 shares of the company’s stock, valued at approximately $5,036,479. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Edgar A. Green III sold 3,603 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $290.75, for a total value of $1,047,572.25. Following the transaction, the vice president now directly owns 7,461 shares in the company, valued at $2,169,285.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,472 shares of company stock valued at $2,398,345. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HII shares. StockNews.com upgraded Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th. Barclays raised their price target on 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. Finally, JPMorgan Chase & Co. raised their price target on 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 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.