Wingate Wealth Advisors Inc. Purchases New Shares in Huntington Ingalls Industries, Inc. (NYSE:HII)

Wingate Wealth Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, Holdings Channel reports. The fund purchased 254 shares of the aerospace company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. purchased a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $29,000. Northwest Investment Counselors LLC purchased a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $40,000. Truvestments Capital LLC purchased a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $42,000. Bruce G. Allen Investments LLC raised its holdings in Huntington Ingalls Industries by 43.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock valued at $53,000 after buying an additional 85 shares during the period. Finally, True Wealth Design LLC purchased a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $60,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $168.30 on Tuesday. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $299.50. The stock’s fifty day moving average price is $192.33 and its 200-day moving average price is $228.33. The firm has a market cap of $6.59 billion, a P/E ratio of 12.06, a P/E/G ratio of 1.43 and a beta of 0.57. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data 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 net margin of 4.77% and a return on equity of 12.81%. On average, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 15.14 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Analyst Ratings Changes

A number of research firms have weighed in on HII. The Goldman Sachs Group reduced their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday. 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 target price on the stock. in a research note on Friday, November 1st. Bank of America reduced their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. Finally, Barclays reduced their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday. Two research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $221.22.

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.