Wealth Enhancement Advisory Services LLC Has $59.73 Million Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Wealth Enhancement Advisory Services LLC lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 16.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 209,282 shares of the aerospace company’s stock after selling 42,428 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.53% of Huntington Ingalls Industries worth $59,725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth about $25,000. Rakuten Securities Inc. boosted its holdings in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares in the last quarter. SouthState Corp grew its stake in shares of Huntington Ingalls Industries by 310.0% in the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 93 shares during the period. Anchor Investment Management LLC raised its holdings in shares of Huntington Ingalls Industries by 400.0% in the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after buying an additional 100 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Huntington Ingalls Industries by 120.0% during the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after buying an additional 60 shares during the period. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HII has been the subject of several recent analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $362.00 price objective on shares of Huntington Ingalls Industries in a research note on Friday, November 7th. Wall Street Zen raised shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday. The Goldman Sachs Group raised their price target on Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Finally, Citigroup increased their price objective on shares of Huntington Ingalls Industries from $376.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $335.00.

Insider Transactions at Huntington Ingalls Industries

In other news, CEO Christopher D. Kastner sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $321.06, for a total value of $4,815,900.00. Following the sale, the chief executive officer owned 68,139 shares of the company’s stock, valued at $21,876,707.34. The trade was a 18.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Nicolas G. Schuck sold 466 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total transaction of $146,491.76. Following the completion of the transaction, the chief accounting officer directly owned 2,418 shares of the company’s stock, valued at approximately $760,122.48. This trade represents a 16.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 17,103 shares of company stock worth $5,477,768. 0.86% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Down 0.5%

NYSE HII traded down $2.25 during trading hours on Tuesday, reaching $423.65. 127,559 shares of the company’s stock were exchanged, compared to its average volume of 664,617. The company has a market capitalization of $16.62 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 1.72 and a beta of 0.36. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $432.00. The company’s 50-day moving average is $340.10 and its two-hundred day moving average is $298.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.14.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.29 by $0.39. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $2.56 EPS. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

About Huntington Ingalls Industries

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.