Richard P Slaughter Associates Inc Has $1.29 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Richard P Slaughter Associates Inc grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,830 shares of the aerospace company’s stock after purchasing an additional 151 shares during the quarter. Richard P Slaughter Associates Inc’s holdings in Huntington Ingalls Industries were worth $1,291,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Stifel Financial Corp raised its holdings in shares of Huntington Ingalls Industries by 36.6% in the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock valued at $6,181,000 after buying an additional 6,253 shares during the last quarter. CWM LLC raised its stake in shares of Huntington Ingalls Industries by 142.8% in the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after acquiring an additional 3,088 shares during the last quarter. Old North State Wealth Management LLC lifted its position in shares of Huntington Ingalls Industries by 60.6% during the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock worth $3,122,000 after purchasing an additional 4,450 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Huntington Ingalls Industries by 45.3% during the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock valued at $80,886,000 after purchasing an additional 95,324 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $47,698,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $197.15 on Wednesday. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50. 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 market capitalization of $7.71 billion, a PE ratio of 11.13, a PEG ratio of 1.86 and a beta of 0.56. The stock’s fifty day simple moving average is $193.73 and its 200 day simple moving average is $236.86.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (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 analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm posted $3.70 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed 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 an increase 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 2.74%. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays reduced their price objective on 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. StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Bank of America lowered their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. TD Cowen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research report on Friday, November 1st. Finally, Alembic Global Advisors cut 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 research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $228.89.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries 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 value of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, 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 this link. 0.72% of the stock is currently owned by insiders.

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.