Tompkins Financial Corp Has $142,000 Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Tompkins Financial Corp lifted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 50.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 750 shares of the aerospace company’s stock after acquiring an additional 250 shares during the period. Tompkins Financial Corp’s holdings in Huntington Ingalls Industries were worth $142,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Kathleen S. Wright Associates Inc. bought a new stake in Huntington Ingalls Industries during the third quarter worth approximately $29,000. Northwest Investment Counselors LLC bought a new position in shares of Huntington Ingalls Industries in the third quarter valued at approximately $40,000. Truvestments Capital LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter worth $42,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Huntington Ingalls Industries by 43.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after buying an additional 85 shares during the period. Finally, True Wealth Design LLC acquired a new position in Huntington Ingalls Industries in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity

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 shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a research note on Thursday, October 10th. Bank of America reduced their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $200.96 on Friday. The firm has a market capitalization of $7.86 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.71 and a beta of 0.56. 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 12-month low of $184.29 and a 12-month high of $299.50. The firm has a 50-day moving average price of $193.78 and a 200 day moving average price of $236.00.

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 analysts’ consensus estimates of $3.84 by ($1.28). The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.70 earnings per share. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.05 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders 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 boost 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 2.69%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.

About Huntington Ingalls Industries

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.