Hennion & Walsh Asset Management Inc. Has $773,000 Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Hennion & Walsh Asset Management Inc. increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,090 shares of the aerospace company’s stock after buying an additional 674 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $773,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth $29,000. Northwest Investment Counselors LLC bought a new position in Huntington Ingalls Industries in the 3rd quarter valued at about $40,000. Truvestments Capital LLC acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at approximately $42,000. Bruce G. Allen Investments LLC lifted its holdings in shares of 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 worth $53,000 after acquiring an additional 85 shares during the period. Finally, True Wealth Design LLC acquired a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $60,000. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Up 0.8 %

Shares of Huntington Ingalls Industries stock opened at $202.58 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. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. The stock has a 50 day moving average price of $193.77 and a two-hundred day moving average price of $235.54. The stock has a market capitalization of $7.93 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.71 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the firm posted $3.70 EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.05 earnings per share 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 given a $1.35 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, November 29th. This represents a $5.40 annualized dividend and a yield of 2.67%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.

Analyst Ratings Changes

Several equities research analysts have weighed in on HII shares. Barclays cut their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Alembic Global Advisors cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a report on Friday, November 1st. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. The Goldman Sachs Group lowered their price objective on 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, TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.