Bruce G. Allen Investments LLC Raises Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Bruce G. Allen Investments LLC raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 43.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 281 shares of the aerospace company’s stock after purchasing an additional 85 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in Huntington Ingalls Industries were worth $53,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Ridgewood Investments LLC lifted its position in Huntington Ingalls Industries by 104.5% during the 4th quarter. Ridgewood Investments LLC now owns 2,321 shares of the aerospace company’s stock worth $439,000 after acquiring an additional 1,186 shares during the period. First Hawaiian Bank raised its position in Huntington Ingalls Industries by 11.5% during the 4th quarter. First Hawaiian Bank now owns 5,312 shares of the aerospace company’s stock worth $1,004,000 after buying an additional 549 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Huntington Ingalls Industries by 73.5% in the fourth quarter. GAMMA Investing LLC now owns 654 shares of the aerospace company’s stock valued at $124,000 after acquiring an additional 277 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Huntington Ingalls Industries by 45.3% during the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after acquiring an additional 95,324 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Huntington Ingalls Industries by 7.4% during the third quarter. Principal Financial Group Inc. now owns 139,248 shares of the aerospace company’s stock worth $36,812,000 after purchasing an additional 9,634 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII traded up $0.33 on Friday, hitting $189.99. The company had a trading volume of 260,962 shares, compared to its average volume of 377,402. The company has a market cap of $7.43 billion, a PE ratio of 10.73, a PEG ratio of 1.86 and a beta of 0.56. The business has a 50 day moving average of $193.62 and a 200 day moving average of $237.84. 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.

Huntington Ingalls Industries (NYSE:HII) last issued 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 firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the firm earned $3.70 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.01 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.84%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s payout ratio is currently 30.49%.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction 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 transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays dropped their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Bank of America reduced their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. 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. Finally, Vertical Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $228.89.

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.