Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC lifted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 132.3% in the fourth quarter, HoldingsChannel reports. The firm owned 10,164 shares of the aerospace company’s stock after buying an additional 5,788 shares during the period. Ieq Capital LLC’s holdings in Huntington Ingalls Industries were worth $1,921,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $42,000. Wingate Wealth Advisors Inc. purchased a new position in Huntington Ingalls Industries in the fourth quarter worth approximately $48,000. Bruce G. Allen Investments LLC increased 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 acquiring an additional 85 shares during the last quarter. True Wealth Design LLC purchased a new stake in Huntington Ingalls Industries in the third quarter valued at $60,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $68,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Trading Down 4.2 %

Shares of HII stock opened at $170.44 on Monday. The business’s fifty day moving average price is $188.08 and its 200 day moving average price is $221.98. The firm has a market capitalization of $6.67 billion, a PE ratio of 12.21, a P/E/G ratio of 1.15 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly 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 12.81% and a net margin of 4.77%. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.17%. Huntington Ingalls Industries’s payout ratio is 38.68%.

Insider Transactions at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein purchased 2,120 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. The Goldman Sachs Group cut their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a report on Friday, November 1st. Barclays cut their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Finally, Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research note on Friday, November 1st. Two equities 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, the stock presently has an average rating of “Hold” and a consensus target price 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.