Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lifted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 51.6% in the fourth quarter, HoldingsChannel reports. The firm owned 2,954 shares of the aerospace company’s stock after purchasing an additional 1,005 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Huntington Ingalls Industries were worth $558,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton lifted its stake in Huntington Ingalls Industries by 8.2% during the third quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock valued at $139,000 after buying an additional 40 shares in the last quarter. Oliver Lagore Vanvalin Investment Group lifted its position in shares of Huntington Ingalls Industries by 9.1% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock valued at $121,000 after acquiring an additional 41 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Huntington Ingalls Industries by 1.4% in the 3rd quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock worth $939,000 after purchasing an additional 48 shares during the period. Inscription Capital LLC raised its stake in Huntington Ingalls Industries by 4.4% during the 3rd quarter. Inscription Capital LLC now owns 1,310 shares of the aerospace company’s stock valued at $346,000 after purchasing an additional 55 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Huntington Ingalls Industries by 17.8% in the third quarter. GAMMA Investing LLC now owns 377 shares of the aerospace company’s stock valued at $100,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.8 %

HII stock opened at $202.60 on Friday. The firm has a market cap of $7.93 billion, a PE ratio of 11.44, a PEG ratio of 1.85 and a beta of 0.56. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50. The company has a fifty day simple moving average of $194.16 and a 200 day simple moving average of $234.29. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 16.89% and a net margin of 5.99%. Huntington Ingalls Industries’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.70 EPS. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 14 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 $1.35 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.67%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 30.49%.

Insider Buying and Selling

In other news, VP D R. Wyatt sold 400 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HII. Deutsche Bank Aktiengesellschaft dropped their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Bank of America dropped their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a research report on Thursday, October 10th. The Goldman Sachs Group cut their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Finally, Barclays lowered their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Two research 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $228.89.

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.