Farther Finance Advisors LLC Purchases 167 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Farther Finance Advisors LLC raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 40.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 577 shares of the aerospace company’s stock after purchasing an additional 167 shares during the quarter. Farther Finance Advisors LLC’s holdings in Huntington Ingalls Industries were worth $152,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Huntington Ingalls Industries in the 2nd quarter worth about $26,000. Evermay Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries during the first quarter valued at approximately $31,000. Kathleen S. Wright Associates Inc. bought a new position in Huntington Ingalls Industries during the third quarter valued at approximately $29,000. Family Firm Inc. bought a new stake in Huntington Ingalls Industries in the 2nd quarter worth approximately $35,000. Finally, Rothschild Investment LLC purchased a new stake in Huntington Ingalls Industries during the 2nd quarter valued at $37,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

HII opened at $202.66 on Monday. The company has a 50 day simple moving average of $252.39 and a two-hundred day simple moving average of $256.11. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The firm has a market cap of $7.93 billion, a P/E ratio of 11.44, a PEG ratio of 1.70 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a 1-year low of $184.29 and a 1-year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.70 EPS. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 15.63 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.36%.

Wall Street Analyst Weigh In

Several analysts recently commented on HII shares. The Goldman Sachs Group cut their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Barclays reduced their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a report on Thursday, October 10th. Finally, Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $233.13.

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.