Capital Investment Advisors LLC Trims Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Capital Investment Advisors LLC decreased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,234 shares of the aerospace company’s stock after selling 178 shares during the quarter. Capital Investment Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,913,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Huntington Ingalls Industries in the second quarter valued at approximately $26,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth $29,000. Riverview Trust Co bought a new position in shares of Huntington Ingalls Industries during the 1st quarter worth $30,000. Fidelis Capital Partners LLC bought a new position in shares of Huntington Ingalls Industries during the 1st quarter worth $31,000. Finally, Larson Financial Group LLC increased its stake in shares of Huntington Ingalls Industries by 158.5% during the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock valued at $31,000 after buying an additional 65 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HII shares. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, Vertical Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $290.00.

Huntington Ingalls Industries Trading Down 0.1 %

Shares of NYSE:HII opened at $261.53 on Friday. The business’s 50-day moving average is $266.23 and its 200 day moving average is $261.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76. Huntington Ingalls Industries, Inc. has a 1 year low of $212.58 and a 1 year high of $299.50. The firm has a market capitalization of $10.31 billion, a P/E ratio of 14.74, a P/E/G ratio of 2.25 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.77. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.27 earnings per share. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 16.56 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $1.30 per share. The ex-dividend date was Friday, August 30th. This represents a $5.20 annualized dividend and a dividend yield of 1.99%. Huntington Ingalls Industries’s payout ratio is currently 29.31%.

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.