GAMMA Investing LLC Buys 277 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

GAMMA Investing LLC grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 73.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654 shares of the aerospace company’s stock after acquiring an additional 277 shares during the period. GAMMA Investing LLC’s holdings in Huntington Ingalls Industries were worth $124,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. increased its position in Huntington Ingalls Industries by 99.1% during the 2nd quarter. Victory Capital Management Inc. now owns 29,187 shares of the aerospace company’s stock valued at $7,190,000 after purchasing an additional 14,525 shares during the period. Private Advisor Group LLC increased its holdings in Huntington Ingalls Industries by 42.7% during the second quarter. Private Advisor Group LLC now owns 6,210 shares of the aerospace company’s stock valued at $1,530,000 after buying an additional 1,858 shares during the period. Acadian Asset Management LLC raised its stake in Huntington Ingalls Industries by 5,642.5% in the second quarter. Acadian Asset Management LLC now owns 9,188 shares of the aerospace company’s stock worth $2,262,000 after buying an additional 9,028 shares in the last quarter. Choreo LLC purchased a new stake in Huntington Ingalls Industries during the second quarter worth $520,000. Finally, Daiwa Securities Group Inc. boosted its position in Huntington Ingalls Industries by 12.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,393 shares of the aerospace company’s stock valued at $1,082,000 after acquiring an additional 482 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays dropped their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $228.89.

Insiders Place Their Bets

In related news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries Trading Up 0.2 %

Shares of Huntington Ingalls Industries stock opened at $189.50 on Friday. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.86 and a beta of 0.56. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The stock has a 50 day moving average of $193.62 and a 200 day moving average of $237.84.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the company earned $3.70 earnings per share. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, research analysts predict that Huntington Ingalls Industries, Inc. will post 14.01 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.85%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, November 29th. Huntington Ingalls Industries’s payout ratio is presently 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.