Proficio Capital Partners LLC Invests $11.25 Million in Huntington Ingalls Industries, Inc. (NYSE:HII)

Proficio Capital Partners LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 59,526 shares of the aerospace company’s stock, valued at approximately $11,249,000. Proficio Capital Partners LLC owned about 0.15% of Huntington Ingalls Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in HII. Assetmark Inc. increased its holdings in shares of Huntington Ingalls Industries by 316.9% in the 3rd 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 increased its holdings in shares of Huntington Ingalls Industries by 16.1% in the 3rd 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. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Huntington Ingalls Industries by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 97,456 shares of the aerospace company’s stock valued at $25,765,000 after acquiring an additional 2,149 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Huntington Ingalls Industries by 1.9% in the 3rd 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. Finally, CIBC Asset Management Inc increased its holdings in shares of Huntington Ingalls Industries by 7.8% in the 3rd 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. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HII shares. The Goldman Sachs Group dropped their price target on 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. Barclays dropped their price target on 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. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $221.22.

Insider Activity

In related news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries 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 transaction, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now owns 7,967 shares of the company’s stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Up 0.4 %

Huntington Ingalls Industries stock opened at $196.34 on Friday. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $294.81. The stock has a 50 day moving average of $186.27 and a two-hundred day moving average of $213.48. 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 stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate 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, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.75%. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

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.