First Horizon Advisors Inc. Increases Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

First Horizon Advisors Inc. lifted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 17.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,983 shares of the aerospace company’s stock after acquiring an additional 1,660 shares during the period. First Horizon Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $2,904,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Huntington Ingalls Industries in the second quarter worth $26,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at about $29,000. Family Firm Inc. bought a new stake in shares of Huntington Ingalls Industries during the 2nd quarter valued at about $35,000. Rothschild Investment LLC purchased a new stake in shares of Huntington Ingalls Industries during the 2nd quarter valued at about $37,000. Finally, ORG Partners LLC lifted its stake in shares of Huntington Ingalls Industries by 484.6% in the 2nd quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 126 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. This represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on HII shares. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. The Goldman Sachs Group lowered 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. Finally, Bank of America reduced their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. 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, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average price target of $228.89.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $190.25 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average is $240.86 and its two-hundred day moving average is $252.26. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. The company has a market capitalization of $7.44 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 1.76 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the company posted $3.70 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 14.92 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.84%. Huntington Ingalls Industries’s payout ratio is 29.36%.

About Huntington Ingalls Industries

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.