Bruce G. Allen Investments LLC Raises Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Bruce G. Allen Investments LLC increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 43.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 281 shares of the aerospace company’s stock after purchasing an additional 85 shares during the period. Bruce G. Allen Investments LLC’s holdings in Huntington Ingalls Industries were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HII. Kathleen S. Wright Associates Inc. acquired a new position in shares of Huntington Ingalls Industries during the third quarter worth about $29,000. Northwest Investment Counselors LLC purchased a new position in Huntington Ingalls Industries in the 3rd quarter worth approximately $40,000. Truvestments Capital LLC acquired a new stake in Huntington Ingalls Industries in the third quarter valued at approximately $42,000. True Wealth Design LLC purchased a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $60,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Huntington Ingalls Industries during the third quarter worth $68,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HII shares. TD Cowen downgraded 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 note on Friday, November 1st. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Barclays lowered their price objective 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. The Goldman Sachs Group reduced their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Finally, Bank of America dropped their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Stock Performance

HII traded up $0.33 during trading on Friday, reaching $189.99. 260,962 shares of the company were exchanged, compared to its average volume of 377,402. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. 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 firm has a 50 day moving average of $193.62 and a 200 day moving average of $237.84. The stock has a market cap of $7.43 billion, a P/E ratio of 10.73, a PEG ratio of 1.86 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share 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 firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the business earned $3.70 EPS. The firm’s revenue was down 2.4% on a year-over-year basis. On average, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced 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. This represents a $5.40 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 30.49%.

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.