Walled Lake Planning & Wealth Management LLC Has $4.59 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Walled Lake Planning & Wealth Management LLC decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 24,279 shares of the aerospace company’s stock after selling 1,025 shares during the period. Huntington Ingalls Industries makes up about 1.7% of Walled Lake Planning & Wealth Management LLC’s portfolio, making the stock its 19th biggest holding. Walled Lake Planning & Wealth Management LLC’s holdings in Huntington Ingalls Industries were worth $4,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Huntington Ingalls Industries in the fourth quarter valued at about $48,000. Bruce G. Allen Investments LLC grew its position in Huntington Ingalls Industries by 43.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 85 shares during the last quarter. True Wealth Design LLC acquired a new position in Huntington Ingalls Industries during the third quarter worth about $60,000. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Huntington Ingalls Industries by 156.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock valued at $91,000 after purchasing an additional 294 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $205.22 on Friday. The business has a 50-day moving average of $188.48 and a 200-day moving average of $208.61. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $291.97. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HII. Barclays lowered their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and a consensus price target of $221.22.

Insider Activity

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. Also, CAO Nicolas G. Schuck sold 750 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

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.