Advisors Asset Management Inc. Raises Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Advisors Asset Management Inc. increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 25.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,866 shares of the aerospace company’s stock after acquiring an additional 1,400 shares during the period. Advisors Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $1,815,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HII. Meiji Yasuda Life Insurance Co grew its position in Huntington Ingalls Industries by 285.5% in the first quarter. Meiji Yasuda Life Insurance Co now owns 3,200 shares of the aerospace company’s stock worth $933,000 after acquiring an additional 2,370 shares during the period. Virtu Financial LLC purchased a new position in Huntington Ingalls Industries in the first quarter worth approximately $1,821,000. Atria Investments Inc purchased a new position in Huntington Ingalls Industries in the first quarter worth approximately $1,708,000. Burney Co. lifted its stake in Huntington Ingalls Industries by 3.3% during the first quarter. Burney Co. now owns 19,093 shares of the aerospace company’s stock worth $5,565,000 after purchasing an additional 603 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Huntington Ingalls Industries by 168.2% during the first quarter. Cetera Investment Advisers now owns 12,392 shares of the aerospace company’s stock worth $3,612,000 after purchasing an additional 7,771 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on HII shares. Deutsche Bank Aktiengesellschaft decreased their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Alembic Global Advisors cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research note on Friday, November 1st. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group decreased their price target on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $198.95 on Monday. The stock has a market capitalization of $7.78 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.81 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50. The stock’s 50-day moving average price is $238.34 and its 200 day moving average price is $251.59. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results 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 company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the firm earned $3.70 EPS. The business’s revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 14.63 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be 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 of this dividend is Friday, November 29th. This represents a $5.40 annualized dividend and a yield of 2.71%. Huntington Ingalls Industries’s payout ratio is presently 29.36%.

Insiders Place Their Bets

In other 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 sale, the vice president now owns 19,627 shares of the company’s stock, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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.