Harvest Investment Advisors LLC Buys 85 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Harvest Investment Advisors LLC boosted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,960 shares of the aerospace company’s stock after acquiring an additional 85 shares during the quarter. Huntington Ingalls Industries accounts for about 1.3% of Harvest Investment Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Harvest Investment Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its stake in shares of Huntington Ingalls Industries by 8.2% during the third quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock valued at $139,000 after purchasing an additional 40 shares during the period. Oliver Lagore Vanvalin Investment Group grew its holdings in Huntington Ingalls Industries by 9.1% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock worth $121,000 after acquiring an additional 41 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Huntington Ingalls Industries by 1.6% in the second quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock valued at $647,000 after acquiring an additional 42 shares during the period. QRG Capital Management Inc. raised its stake in shares of Huntington Ingalls Industries by 1.4% during the third quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock valued at $939,000 after acquiring an additional 48 shares during the last quarter. Finally, Inscription Capital LLC grew its stake in shares of Huntington Ingalls Industries by 4.4% in the third quarter. Inscription Capital LLC now owns 1,310 shares of the aerospace company’s stock worth $346,000 after purchasing an additional 55 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays reduced their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a 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 on the stock in a research note on Wednesday, November 13th. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. 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 price objective on the stock. in a research report on Friday, November 1st. Finally, Vertical Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $228.89.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were 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 approximately $4,028,245.48. This represents a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries Stock Down 0.5 %

Shares of Huntington Ingalls Industries stock opened at $187.95 on Monday. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.82 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50. The company has a 50-day moving average of $224.52 and a 200 day moving average of $247.46.

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 company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the firm earned $3.70 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.07 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $1.35 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.87%. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

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.