Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Avion Wealth

Avion Wealth boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 14,128.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 996 shares of the aerospace company’s stock after buying an additional 989 shares during the quarter. Avion Wealth’s holdings in Huntington Ingalls Industries were worth $188,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wingate Wealth Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $48,000. Kestra Private Wealth Services LLC lifted its position 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 buying an additional 264 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $36,191,000. WCM Investment Management LLC raised its stake in Huntington Ingalls Industries by 41.9% during the fourth quarter. WCM Investment Management LLC now owns 1,341 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 396 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Huntington Ingalls Industries during the fourth quarter worth about $1,189,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $167.95 on Wednesday. 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 firm’s 50 day moving average is $191.86 and its 200-day moving average is $227.57. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $299.50. The stock has a market capitalization of $6.57 billion, a P/E ratio of 12.03, a P/E/G ratio of 1.43 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 15.14 EPS 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. Stockholders 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 3.22%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.68%.

Analyst Ratings Changes

HII has been the subject of several recent research reports. Barclays lowered their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday. The Goldman Sachs Group cut their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a report on Friday, November 1st. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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. 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Company 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.