10,538 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,538 shares of the aerospace company’s stock, valued at approximately $1,991,000.

Several other large investors have also recently modified their holdings of HII. Truvestments Capital LLC purchased a new position in shares of Huntington Ingalls Industries in the third quarter worth about $42,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter worth about $48,000. Bruce G. Allen Investments LLC increased its stake in shares of Huntington Ingalls Industries by 43.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 85 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Huntington Ingalls Industries in the third quarter worth about $60,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Huntington Ingalls Industries in the third quarter worth about $68,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HII shares. Bank of America reduced their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Barclays reduced their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Finally, The Goldman Sachs Group reduced their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and an average price target of $221.22.

Huntington Ingalls Industries Trading Up 1.4 %

Shares of Huntington Ingalls Industries stock opened at $196.66 on Monday. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $294.81. The firm has a market cap of $7.72 billion, a PE ratio of 14.09, a PEG ratio of 1.15 and a beta of 0.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The company has a 50 day simple moving average of $185.59 and a two-hundred day simple moving average of $215.86.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.75%. Huntington Ingalls Industries’s payout ratio is presently 38.68%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the acquisition, the director now owns 7,967 shares in the company, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.72% of the stock is currently 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.