Prairie Wealth Advisors Inc. Increases Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Prairie Wealth Advisors Inc. boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 61.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,524 shares of the aerospace company’s stock after acquiring an additional 580 shares during the period. Prairie Wealth Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $288,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Huntington Ingalls Industries by 2.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,747 shares of the aerospace company’s stock valued at $708,000 after buying an additional 87 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Huntington Ingalls Industries by 2.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 99,747 shares of the aerospace company’s stock worth $18,849,000 after buying an additional 2,291 shares during the period. Oakworth Capital Inc. grew its position in shares of Huntington Ingalls Industries by 1.3% in the 4th quarter. Oakworth Capital Inc. now owns 6,621 shares of the aerospace company’s stock worth $1,251,000 after buying an additional 87 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Huntington Ingalls Industries by 221.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,370 shares of the aerospace company’s stock valued at $1,784,000 after buying an additional 6,457 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in Huntington Ingalls Industries by 1.6% in the fourth quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock worth $610,000 after acquiring an additional 52 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on HII. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a research report on Thursday, October 10th. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research report on Friday, November 1st. Finally, Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $228.89.

Huntington Ingalls Industries Stock Down 18.2 %

NYSE:HII opened at $159.98 on Friday. The firm has a market cap of $6.26 billion, a P/E ratio of 9.03, a P/E/G ratio of 1.77 and a beta of 0.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The firm has a 50-day simple moving average of $193.45 and a two-hundred day simple moving average of $230.27. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. Analysts predict that Huntington Ingalls Industries, Inc. will post 14.09 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 3.38%. Huntington Ingalls Industries’s payout ratio is 30.49%.

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.