Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Purchased by Ridgewood Investments LLC

Ridgewood Investments LLC raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 104.5% in the fourth quarter, HoldingsChannel reports. The fund owned 2,321 shares of the aerospace company’s stock after purchasing an additional 1,186 shares during the period. Ridgewood Investments LLC’s holdings in Huntington Ingalls Industries were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. acquired a new position in Huntington Ingalls Industries in the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC purchased a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $40,000. Truvestments Capital LLC purchased a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $42,000. True Wealth Design LLC purchased a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $60,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $68,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HII. Alembic Global Advisors cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research report on Friday, November 1st. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their target price 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. Finally, The Goldman Sachs Group dropped their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Stock Down 0.5 %

NYSE HII traded down $0.89 during trading hours on Friday, hitting $188.77. 110,099 shares of the company were exchanged, compared to its average volume of 356,254. The company has a 50 day moving average of $193.62 and a two-hundred day moving average of $237.84. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 1.86 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data 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 net margin of 5.99% and a return on equity of 16.89%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the company posted $3.70 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.01 earnings per share for the current 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 issued a $1.35 dividend. The ex-dividend date was Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.86%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

Insider Activity

In related news, VP D R. Wyatt sold 400 shares of the firm’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 transaction of $82,096.00. Following the transaction, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.72% of the company’s stock.

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.