Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Position Boosted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) by 37.5% during the fourth quarter, Holdings Channel reports. The firm owned 532 shares of the aerospace company’s stock after purchasing an additional 145 shares during the period. Exchange Traded Concepts LLC’s holdings in Huntington Ingalls Industries were worth $101,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HII. Van ECK Associates Corp boosted its position in shares of Huntington Ingalls Industries by 94.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after purchasing an additional 863,800 shares during the period. FMR LLC lifted its stake in Huntington Ingalls Industries by 5.6% during the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after buying an additional 187,411 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in Huntington Ingalls Industries during the third quarter valued at about $47,698,000. JPMorgan Chase & Co. grew its position in Huntington Ingalls Industries by 45.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after purchasing an additional 95,324 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Huntington Ingalls Industries by 36.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 323,829 shares of the aerospace company’s stock valued at $85,614,000 after buying an additional 85,698 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, VP D R. Wyatt sold 400 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Stock Up 0.8 %

Shares of NYSE HII opened at $197.15 on Friday. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50. The firm’s 50-day moving average is $194.40 and its 200-day moving average is $232.22. 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 market capitalization of $7.71 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.73 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last announced its quarterly earnings data 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). The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. Huntington Ingalls Industries’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.70 earnings per share. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 14.09 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.74%. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HII shares. Barclays cut their price target 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 downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research report on Friday, November 1st. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, The Goldman Sachs Group cut their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $228.89.

Get Our Latest Stock Analysis on HII

About Huntington Ingalls Industries

(Free Report)

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.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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