Intech Investment Management LLC Boosts Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Intech Investment Management LLC raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 88.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,746 shares of the aerospace company’s stock after acquiring an additional 7,372 shares during the quarter. Intech Investment Management LLC’s holdings in Huntington Ingalls Industries were worth $4,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in Huntington Ingalls Industries during the second quarter valued at $26,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth $29,000. Family Firm Inc. purchased a new stake in Huntington Ingalls Industries in the 2nd quarter worth about $35,000. Rothschild Investment LLC purchased a new stake in Huntington Ingalls Industries during the second quarter valued at about $37,000. Finally, ORG Partners LLC boosted its position in Huntington Ingalls Industries by 484.6% during the second quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 126 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 1.9 %

Shares of NYSE HII opened at $198.95 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $238.34 and a 200-day moving average of $251.53. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.78 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released 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). The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. Huntington Ingalls Industries’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.70 EPS. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 14.63 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the stock in a transaction that occurred on 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 directly owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research note on Friday, November 1st. Bank of America cut their target price on 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. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a research report on Thursday, October 10th. Finally, Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $228.89.

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.