Wealth Enhancement Advisory Services LLC Raises Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 180,575 shares of the aerospace company’s stock after purchasing an additional 132 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Huntington Ingalls Industries were worth $34,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its position in Huntington Ingalls Industries by 5.6% in the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after purchasing an additional 187,411 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after buying an additional 863,800 shares in the last quarter. Geode Capital Management LLC grew its position in Huntington Ingalls Industries by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock valued at $268,520,000 after buying an additional 5,036 shares during the period. AQR Capital Management LLC increased its holdings in Huntington Ingalls Industries by 41.6% in the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock valued at $180,458,000 after buying an additional 215,362 shares in the last quarter. Finally, Earnest Partners LLC raised its position in shares of Huntington Ingalls Industries by 1.9% in the second quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock worth $157,326,000 after acquiring an additional 11,693 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 0.3 %

Shares of NYSE HII opened at $190.32 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $193.65 and a 200 day moving average of $237.32. Huntington Ingalls Industries, Inc. has a 12-month low of $184.29 and a 12-month high of $299.50. The stock has a market cap of $7.45 billion, a PE ratio of 10.75, a P/E/G ratio of 1.86 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly 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 company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. Huntington Ingalls Industries’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.70 EPS. As a group, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $1.35 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.84%. Huntington Ingalls Industries’s payout ratio is presently 30.49%.

Analysts Set New Price Targets

A number of research firms have recently commented on HII. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research report on Thursday, October 10th. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. The Goldman Sachs Group reduced their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target for the company. in a report on Friday, November 1st. Finally, Barclays reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $228.89.

Insider Activity at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were 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. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by insiders.

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.