Assetmark Inc. Increases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Assetmark Inc. increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 316.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 346 shares of the aerospace company’s stock after buying an additional 263 shares during the period. Assetmark Inc.’s holdings in Huntington Ingalls Industries were worth $91,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Huntington Ingalls Industries during the second quarter valued at $26,000. Evermay Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries during the first quarter valued at $31,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Huntington Ingalls Industries during the third quarter valued at $29,000. Family Firm Inc. purchased a new position in shares of Huntington Ingalls Industries during the second quarter valued at $35,000. Finally, Rothschild Investment LLC purchased a new position in shares of Huntington Ingalls Industries during the second quarter valued at $37,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $193.56 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The company has a market cap of $7.57 billion, a PE ratio of 10.93, a P/E/G ratio of 1.72 and a beta of 0.55. The business has a 50-day simple moving average of $245.02 and a two-hundred day simple moving average of $253.43. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the business posted $3.70 EPS. Huntington Ingalls Industries’s revenue was down 2.4% compared to the same quarter last year. As a group, equities analysts expect that Huntington Ingalls Industries, Inc. will post 14.92 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued 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 is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.79%. Huntington Ingalls Industries’s payout ratio is 29.36%.

Insider Buying and Selling

In related news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HII. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $280.00 to $285.00 in a research report on Monday, September 9th. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Bank of America dropped their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Finally, TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research report 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $228.89.

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.