Oakworth Capital Inc. Boosts Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Oakworth Capital Inc. raised its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,621 shares of the aerospace company’s stock after buying an additional 87 shares during the quarter. Oakworth Capital Inc.’s holdings in Huntington Ingalls Industries were worth $1,251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HII. Kathleen S. Wright Associates Inc. purchased a new position in Huntington Ingalls Industries during the third quarter worth about $29,000. Northwest Investment Counselors LLC bought a new stake in Huntington Ingalls Industries during the third quarter worth about $40,000. Truvestments Capital LLC bought a new stake in Huntington Ingalls Industries during the third quarter worth about $42,000. Bruce G. Allen Investments LLC lifted its stake in Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 85 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in Huntington Ingalls Industries during the third quarter worth about $60,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Down 0.1 %

Shares of NYSE:HII opened at $195.56 on Thursday. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50. The company has a market cap of $7.65 billion, a PE ratio of 11.04, a P/E/G ratio of 1.77 and a beta of 0.57. 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 stock’s 50-day moving average is $194.24 and its 200 day moving average is $230.76.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.09 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.76%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 30.49%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HII. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research note on Friday, November 1st. 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 research note on Friday, November 1st. Bank of America lowered their target price on 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. Finally, Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $228.89.

Insiders Place Their Bets

In related news, VP D R. Wyatt sold 400 shares of the company’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 value of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This represents a 2.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries 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.