3,179 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Purchased by Verity Asset Management Inc.

Verity Asset Management Inc. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, Holdings Channel reports. The firm purchased 3,179 shares of the aerospace company’s stock, valued at approximately $597,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HII. Rosenberg Matthew Hamilton boosted its holdings in Huntington Ingalls Industries by 8.2% in the third quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock valued at $139,000 after acquiring an additional 40 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 1.4% in the 3rd quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock worth $939,000 after purchasing an additional 48 shares during the period. Inscription Capital LLC lifted its stake in shares of Huntington Ingalls Industries by 4.4% in the 3rd quarter. Inscription Capital LLC now owns 1,310 shares of the aerospace company’s stock valued at $346,000 after purchasing an additional 55 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Huntington Ingalls Industries by 17.8% during the 3rd quarter. GAMMA Investing LLC now owns 377 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 57 shares during the period. Finally, Capital Insight Partners LLC increased its position in Huntington Ingalls Industries by 3.5% during the 3rd quarter. Capital Insight Partners LLC now owns 1,907 shares of the aerospace company’s stock worth $504,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $196.69 on Tuesday. 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 stock has a market cap of $7.70 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 1.77 and a beta of 0.57. The stock has a 50 day moving average of $194.36 and a 200-day moving average of $231.48.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HII shares. Alembic Global Advisors cut shares of 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. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research report on Friday, November 1st. The Goldman Sachs Group cut their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $228.89.

Insider Transactions at Huntington Ingalls Industries

In other 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 value of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

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.