Apollon Wealth Management LLC Buys 152 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Apollon Wealth Management LLC boosted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 16.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,097 shares of the aerospace company’s stock after buying an additional 152 shares during the period. Apollon Wealth Management LLC’s holdings in Huntington Ingalls Industries were worth $290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HII. Empowered Funds LLC acquired a new position in Huntington Ingalls Industries during the 1st quarter valued at about $318,000. O Shaughnessy Asset Management LLC increased its position in Huntington Ingalls Industries by 90.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,917 shares of the aerospace company’s stock valued at $3,182,000 after buying an additional 5,170 shares in the last quarter. UniSuper Management Pty Ltd increased its position in Huntington Ingalls Industries by 533.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 3,606 shares of the aerospace company’s stock valued at $1,051,000 after buying an additional 3,037 shares in the last quarter. Bessemer Group Inc. increased its position in Huntington Ingalls Industries by 372.5% during the 1st quarter. Bessemer Group Inc. now owns 7,144 shares of the aerospace company’s stock valued at $2,082,000 after buying an additional 5,632 shares in the last quarter. Finally, National Bank of Canada FI increased its position in Huntington Ingalls Industries by 594.3% during the 1st quarter. National Bank of Canada FI now owns 64,334 shares of the aerospace company’s stock valued at $18,751,000 after buying an additional 55,068 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Huntington Ingalls Industries

In other 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 sale, the vice president now directly owns 19,627 shares of the company’s stock, valued at $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on HII. 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 research report on Thursday, October 10th. 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 report on Friday, November 1st. Bank of America cut their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a report on Friday, November 1st. Finally, Barclays cut their price objective 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Stock Down 0.9 %

Shares of HII opened at $193.56 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50. The stock’s 50 day moving average is $245.02 and its two-hundred day moving average is $253.43. The firm has a market cap of $7.57 billion, a P/E ratio of 10.93, a PEG ratio of 1.72 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS 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 firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.70 earnings per share. Analysts predict that Huntington Ingalls Industries, Inc. will post 14.92 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 paid a $1.35 dividend. The ex-dividend date of this dividend 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 dividend yield of 2.79%. Huntington Ingalls Industries’s payout ratio is currently 29.36%.

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.