Kestra Private Wealth Services LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII – Get Rating) in the 1st quarter, Holdings Channel.com reports. The firm bought 1,013 shares of the aerospace company’s stock, valued at approximately $202,000.
Other large investors have also added to or reduced their stakes in the company. Cyrus J. Lawrence LLC purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at about $25,000. Byrne Asset Management LLC grew its holdings in shares of Huntington Ingalls Industries by 121.8% during the 1st quarter. Byrne Asset Management LLC now owns 193 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 106 shares during the last quarter. GHP Investment Advisors Inc. purchased a new stake in Huntington Ingalls Industries during the first quarter valued at about $45,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Huntington Ingalls Industries during the first quarter valued at about $60,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Huntington Ingalls Industries by 15.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 407 shares of the aerospace company’s stock valued at $82,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 89.24% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on HII shares. StockNews.com upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Sanford C. Bernstein boosted their price target on Huntington Ingalls Industries from $217.00 to $235.00 in a report on Tuesday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $235.88.
Huntington Ingalls Industries Price Performance
Huntington Ingalls Industries (NYSE:HII – Get Rating) last posted its earnings results on Thursday, August 4th. The aerospace company reported $4.44 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $1.01. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. Huntington Ingalls Industries had a return on equity of 21.73% and a net margin of 5.71%. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.20 EPS. On average, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 15.34 earnings per share for the current year.
Huntington Ingalls Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 26th were issued a $1.18 dividend. The ex-dividend date was Thursday, August 25th. This represents a $4.72 dividend on an annualized basis and a yield of 2.03%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 32.37%.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. 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.
- Get a free copy of the StockNews.com research report on Huntington Ingalls Industries (HII)
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