Wedmont Private Capital Raises Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Wedmont Private Capital boosted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,962 shares of the aerospace company’s stock after acquiring an additional 129 shares during the quarter. Wedmont Private Capital’s holdings in Huntington Ingalls Industries were worth $373,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HII. FMR LLC boosted its position in shares of Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after purchasing an additional 187,411 shares during the period. Van ECK Associates Corp lifted its stake in Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after purchasing an additional 863,800 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Huntington Ingalls Industries by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock worth $268,520,000 after buying an additional 5,036 shares during the period. AQR Capital Management LLC grew its stake in shares of Huntington Ingalls Industries by 41.6% in the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock valued at $180,458,000 after buying an additional 215,362 shares in the last quarter. Finally, Earnest Partners LLC raised its holdings in shares of Huntington Ingalls Industries by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock valued at $157,326,000 after buying an additional 11,693 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $198.59 on Thursday. 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 fifty day simple moving average of $193.81 and a 200-day simple moving average of $236.51. The stock has a market cap of $7.77 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. Huntington Ingalls Industries, Inc. has a 12-month low of $184.29 and a 12-month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the firm earned $3.70 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.72%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is 30.49%.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. 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. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. The Goldman Sachs Group decreased their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Finally, Barclays cut their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $228.89.

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.