Cerity Partners LLC Acquires 6,883 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Cerity Partners LLC lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 193.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,442 shares of the aerospace company’s stock after acquiring an additional 6,883 shares during the quarter. Cerity Partners LLC’s holdings in Huntington Ingalls Industries were worth $2,761,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Atria Investments Inc bought a new position in shares of Huntington Ingalls Industries in the first quarter valued at about $1,708,000. Cetera Investment Advisers raised its holdings in Huntington Ingalls Industries by 168.2% in the 1st quarter. Cetera Investment Advisers now owns 12,392 shares of the aerospace company’s stock valued at $3,612,000 after acquiring an additional 7,771 shares during the period. Cetera Advisors LLC lifted its position in Huntington Ingalls Industries by 17.9% during the first quarter. Cetera Advisors LLC now owns 2,375 shares of the aerospace company’s stock worth $692,000 after acquiring an additional 361 shares during the last quarter. Boston Partners bought a new stake in shares of Huntington Ingalls Industries during the first quarter worth approximately $4,717,000. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Huntington Ingalls Industries by 6.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,205 shares of the aerospace company’s stock valued at $615,000 after purchasing an additional 131 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HII shares. Deutsche Bank Aktiengesellschaft dropped their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. Barclays reduced their target price 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. Vertical Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a research report on Thursday, October 10th. The Goldman Sachs Group cut their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, Bank of America dropped their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. Two investment analysts have 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, the company currently has a consensus rating of “Hold” and a consensus price target of $228.89.

Insider Buying and Selling

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This trade represents a 2.00 % 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. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Down 0.1 %

Shares of HII opened at $197.92 on Friday. The firm has a 50 day simple moving average of $231.51 and a two-hundred day simple moving average of $249.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. Huntington Ingalls Industries, Inc. has a one year low of $184.29 and a one year high of $299.50. The company has a market cap of $7.74 billion, a P/E ratio of 11.18, a P/E/G ratio of 1.87 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.70 EPS. Research analysts forecast that Huntington Ingalls Industries, Inc. will post 14.51 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $1.35 per share. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.73%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 30.49%.

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.