SVB Wealth LLC Invests $643,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

SVB Wealth LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,402 shares of the aerospace company’s stock, valued at approximately $643,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in shares of Huntington Ingalls Industries in the third quarter worth about $42,000. True Wealth Design LLC acquired a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at $60,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at $48,000. Capital Performance Advisors LLP acquired a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at $68,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at $70,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $172.54 on Tuesday. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $299.50. The firm has a fifty day simple moving average of $185.79 and a 200 day simple moving average of $218.19. The company has a market capitalization of $6.75 billion, a PE ratio of 12.36, a P/E/G ratio of 1.15 and a beta of 0.57. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.13%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HII shares. The Goldman Sachs Group cut their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. Bank of America reduced their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Finally, Barclays reduced their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $221.22.

Insiders Place Their Bets

In related news, Director Thomas C. Schievelbein bought 2,120 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the transaction, the director now directly owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.72% of the company’s stock.

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.