Kennondale Capital Management LLC Makes New $8.23 Million Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Kennondale Capital Management LLC acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 43,547 shares of the aerospace company’s stock, valued at approximately $8,229,000. Huntington Ingalls Industries makes up about 6.7% of Kennondale Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Kennondale Capital Management LLC owned about 0.11% of Huntington Ingalls Industries as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HII. Assetmark Inc. boosted its stake in Huntington Ingalls Industries by 316.9% in the third quarter. Assetmark Inc. now owns 346 shares of the aerospace company’s stock valued at $91,000 after acquiring an additional 263 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in Huntington Ingalls Industries by 16.1% in the third quarter. Apollon Wealth Management LLC now owns 1,097 shares of the aerospace company’s stock valued at $290,000 after acquiring an additional 152 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Huntington Ingalls Industries by 1.9% in the third quarter. Victory Capital Management Inc. now owns 29,748 shares of the aerospace company’s stock valued at $7,865,000 after acquiring an additional 561 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Huntington Ingalls Industries by 7.8% in the third quarter. CIBC Asset Management Inc now owns 5,753 shares of the aerospace company’s stock valued at $1,521,000 after acquiring an additional 414 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in Huntington Ingalls Industries by 82.4% in the third quarter. Natixis Advisors LLC now owns 71,481 shares of the aerospace company’s stock valued at $18,898,000 after acquiring an additional 32,302 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays dropped 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 research note on Monday, February 10th. The Goldman Sachs Group dropped their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $221.22.

Insider Buying and Selling

In other news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the transaction, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at $546,691.04. This represents a 20.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the acquisition, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $207.04 on Tuesday. The firm’s 50 day simple moving average is $186.67 and its 200 day simple moving average is $212.48. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $8.12 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $294.81.

Huntington Ingalls Industries (NYSE:HII) last posted 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%. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

Huntington Ingalls Industries Company 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.