Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Bought by Fmr LLC

Fmr LLC lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.6% during the 3rd quarter, Holdings Channel reports. The firm owned 3,519,111 shares of the aerospace company’s stock after buying an additional 187,411 shares during the period. Fmr LLC owned approximately 0.09% of Huntington Ingalls Industries worth $930,383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $26,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at $29,000. Family Firm Inc. acquired a new position in Huntington Ingalls Industries during the 2nd quarter worth $35,000. Rothschild Investment LLC purchased a new stake in Huntington Ingalls Industries during the 2nd quarter worth about $37,000. Finally, ORG Partners LLC raised its position in Huntington Ingalls Industries by 484.6% in the 2nd quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Up 0.7 %

Shares of NYSE HII opened at $199.33 on Thursday. The business has a 50-day moving average price of $235.67 and a 200 day moving average price of $250.84. The stock has a market cap of $7.80 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. Huntington Ingalls Industries’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.70 earnings per share. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 14.63 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $1.35 dividend. The ex-dividend date is Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.71%. Huntington Ingalls Industries’s payout ratio is currently 29.36%.

Analysts Set New Price Targets

HII has been the subject of a number of analyst reports. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report 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. The Goldman Sachs Group decreased their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a report on Thursday, October 10th. Finally, Barclays decreased their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Two research 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 company currently has a consensus rating of “Hold” and a consensus target price of $228.89.

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.