ProVise Management Group LLC Purchases 509 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

ProVise Management Group LLC boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,030 shares of the aerospace company’s stock after purchasing an additional 509 shares during the quarter. ProVise Management Group LLC’s holdings in Huntington Ingalls Industries were worth $951,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HII. River Road Asset Management LLC bought a new position in Huntington Ingalls Industries in the fourth quarter worth $65,215,000. Diamond Hill Capital Management Inc. raised its holdings in Huntington Ingalls Industries by 132.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock worth $79,387,000 after purchasing an additional 239,688 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Huntington Ingalls Industries in the fourth quarter worth $36,191,000. FMR LLC raised its holdings in Huntington Ingalls Industries by 5.6% in the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after purchasing an additional 187,411 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Huntington Ingalls Industries in the fourth quarter worth $27,881,000. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

HII has been the subject of several analyst reports. The Goldman Sachs Group reduced their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Barclays reduced their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $221.22.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. This trade represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Down 0.5 %

HII stock opened at $207.47 on Thursday. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $294.81. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The stock has a market cap of $8.14 billion, a P/E ratio of 14.86, a PEG ratio of 1.15 and a beta of 0.49. The business’s 50-day moving average price is $187.42 and its 200-day moving average price is $211.92.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.60%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

Huntington Ingalls Industries 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.