Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Naples Global Advisors LLC

Naples Global Advisors LLC increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.8% during the fourth quarter, HoldingsChannel reports. The fund owned 7,882 shares of the aerospace company’s stock after buying an additional 834 shares during the period. Naples Global Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,490,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Avion Wealth grew its position in Huntington Ingalls Industries by 14,128.6% during the fourth quarter. Avion Wealth now owns 996 shares of the aerospace company’s stock worth $188,000 after buying an additional 989 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $48,000. Kestra Private Wealth Services LLC grew its holdings in shares of Huntington Ingalls Industries by 2.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 10,545 shares of the aerospace company’s stock worth $1,993,000 after acquiring an additional 264 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $36,191,000. Finally, WCM Investment Management LLC increased its stake in Huntington Ingalls Industries by 41.9% in the 4th quarter. WCM Investment Management LLC now owns 1,341 shares of the aerospace company’s stock valued at $253,000 after purchasing an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 1.5 %

HII opened at $161.10 on Friday. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $299.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 0.73. The business has a 50-day moving average of $190.71 and a two-hundred day moving average of $226.66.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) 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, research analysts expect that Huntington Ingalls Industries, Inc. will post 15.14 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.68%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HII. The Goldman Sachs Group lowered their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a report on Friday, November 1st. TD Cowen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a report on Friday, November 1st. Finally, Bank of America dropped their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $221.22.

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.