Capital Investment Counsel Inc Buys 10,949 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Capital Investment Counsel Inc grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 144.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,518 shares of the aerospace company’s stock after buying an additional 10,949 shares during the period. Capital Investment Counsel Inc’s holdings in Huntington Ingalls Industries were worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ieq Capital LLC boosted its holdings in Huntington Ingalls Industries by 132.3% during the fourth quarter. Ieq Capital LLC now owns 10,164 shares of the aerospace company’s stock worth $1,921,000 after buying an additional 5,788 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Huntington Ingalls Industries by 20.7% during the fourth quarter. Private Advisor Group LLC now owns 8,092 shares of the aerospace company’s stock worth $1,529,000 after buying an additional 1,387 shares during the last quarter. Northcape Wealth Management LLC bought a new position in Huntington Ingalls Industries during the fourth quarter worth about $3,642,000. Venturi Wealth Management LLC boosted its holdings in Huntington Ingalls Industries by 51.9% during the fourth quarter. Venturi Wealth Management LLC now owns 825 shares of the aerospace company’s stock worth $156,000 after buying an additional 282 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Huntington Ingalls Industries by 394.0% during the fourth quarter. D.A. Davidson & CO. now owns 4,668 shares of the aerospace company’s stock worth $882,000 after buying an additional 3,723 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the topic of a number of recent analyst reports. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a report on Friday, November 1st. Alembic Global Advisors cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a report on Friday, November 1st. The Goldman Sachs Group cut their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. Barclays cut their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Finally, StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $221.22.

Insiders Place Their Bets

In related news, Director Thomas C. Schievelbein purchased 2,120 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Up 2.5 %

NYSE HII opened at $178.13 on Friday. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.09 and a beta of 0.57. The stock’s 50 day moving average price is $188.51 and its two-hundred day moving average price is $223.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.1 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.

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.