CarsonAllaria Wealth Management Ltd. Purchases Shares of 271 Huntington Ingalls Industries, Inc. (NYSE:HII)

CarsonAllaria Wealth Management Ltd. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 271 shares of the aerospace company’s stock, valued at approximately $72,000.

Other hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $26,000. Kathleen S. Wright Associates Inc. purchased a new position in Huntington Ingalls Industries during the 3rd quarter worth $29,000. Riverview Trust Co acquired a new position in Huntington Ingalls Industries in the 1st quarter valued at about $30,000. Fidelis Capital Partners LLC purchased a new stake in shares of Huntington Ingalls Industries during the first quarter worth approximately $31,000. Finally, Larson Financial Group LLC raised its stake in shares of Huntington Ingalls Industries by 158.5% during the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after buying an additional 65 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HII. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their target price for the company from $280.00 to $285.00 in a report on Monday, September 9th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $290.00.

Huntington Ingalls Industries Price Performance

Shares of HII traded up $0.19 during trading hours on Monday, reaching $261.72. 42,725 shares of the company traded hands, compared to its average volume of 305,342. The stock has a market capitalization of $10.32 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $266.23 and a 200 day simple moving average of $261.51. Huntington Ingalls Industries, Inc. has a fifty-two week low of $212.58 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.77. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.27 EPS. As a group, research analysts predict that Huntington Ingalls Industries, Inc. will post 16.56 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

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.