Signal Advisors Wealth LLC Acquires 2,053 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Signal Advisors Wealth LLC boosted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 49.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,247 shares of the aerospace company’s stock after acquiring an additional 2,053 shares during the period. Signal Advisors Wealth LLC’s holdings in Huntington Ingalls Industries were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings in shares of Huntington Ingalls Industries by 36.6% during the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock worth $6,181,000 after acquiring an additional 6,253 shares during the period. CWM LLC lifted its holdings in Huntington Ingalls Industries by 142.8% during the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after purchasing an additional 3,088 shares during the last quarter. Old North State Wealth Management LLC boosted its stake in Huntington Ingalls Industries by 60.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock valued at $3,122,000 after purchasing an additional 4,450 shares during the period. JPMorgan Chase & Co. grew its holdings in Huntington Ingalls Industries by 45.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock valued at $80,886,000 after buying an additional 95,324 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new position in Huntington Ingalls Industries during the 3rd quarter worth $47,698,000. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HII. The Goldman Sachs Group reduced their target price 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. Barclays cut their price objective on shares of 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. Bank of America lowered their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Finally, Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have given 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 an average target price of $228.89.

Huntington Ingalls Industries Trading Up 1.0 %

Shares of HII stock opened at $197.15 on Wednesday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The stock’s fifty day moving average price is $193.73 and its two-hundred day moving average price is $236.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The company has a market cap of $7.71 billion, a PE ratio of 11.13, a P/E/G ratio of 1.86 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last released 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 business 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%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $3.70 earnings per share. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 2.74%. Huntington Ingalls Industries’s payout ratio is 30.49%.

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.