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

Assetmark Inc. raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 316.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 346 shares of the aerospace company’s stock after acquiring an additional 263 shares during the quarter. Assetmark Inc.’s holdings in Huntington Ingalls Industries were worth $91,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Huntington Ingalls Industries in the second quarter valued at approximately $26,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $29,000. Evermay Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $31,000. Family Firm Inc. acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $35,000. Finally, Rothschild Investment LLC acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $37,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays reduced their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Stock Down 0.9 %

NYSE HII opened at $193.56 on Monday. The business has a fifty day moving average price of $245.02 and a 200 day moving average price of $253.43. Huntington Ingalls Industries, Inc. has a one year low of $184.29 and a one year high of $299.50. 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 $7.57 billion, a P/E ratio of 10.93, a P/E/G ratio of 1.72 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 5.99% and a return on equity of 16.89%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.70 earnings per share. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.92 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $1.35 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 29.36%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. This represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by company insiders.

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.