Blue Trust Inc. Boosts Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Blue Trust Inc. raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 15.9% during the 4th quarter, Holdings Channel reports. The firm owned 3,128 shares of the aerospace company’s stock after purchasing an additional 428 shares during the quarter. Blue Trust Inc.’s holdings in Huntington Ingalls Industries were worth $591,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. 1834 Investment Advisors Co. lifted its stake in Huntington Ingalls Industries by 3.9% in the 4th quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company’s stock valued at $365,000 after buying an additional 73 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Huntington Ingalls Industries by 51.6% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,954 shares of the aerospace company’s stock valued at $558,000 after acquiring an additional 1,005 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Huntington Ingalls Industries by 37.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock valued at $101,000 after acquiring an additional 145 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in Huntington Ingalls Industries during the 4th quarter worth about $246,000. Finally, Nisa Investment Advisors LLC raised its stake in Huntington Ingalls Industries by 78.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,478 shares of the aerospace company’s stock valued at $1,035,000 after purchasing an additional 2,403 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

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 transaction, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $195.54 on Friday. The firm has a market capitalization of $7.65 billion, a PE ratio of 11.04, a P/E/G ratio of 1.85 and a beta of 0.56. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50. 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 business has a 50-day moving average of $194.44 and a two-hundred day moving average of $232.87.

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). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the business posted $3.70 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, research analysts forecast that Huntington Ingalls Industries, Inc. will post 14 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.76%. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays decreased 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 research note on Monday, November 4th. Bank of America lowered their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a report on Thursday, October 10th. Finally, Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $228.89.

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.