Huntington Ingalls Industries, Inc. (NYSE:HII) Holdings Raised by Larson Financial Group LLC

Larson Financial Group LLC increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 211.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,283 shares of the aerospace company’s stock after purchasing an additional 871 shares during the quarter. Larson Financial Group LLC’s holdings in Huntington Ingalls Industries were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC increased its position in shares of Huntington Ingalls Industries by 193.4% in the third quarter. Cerity Partners LLC now owns 10,442 shares of the aerospace company’s stock worth $2,761,000 after acquiring an additional 6,883 shares in the last quarter. Studio Investment Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the 3rd quarter valued at approximately $499,000. Citigroup Inc. boosted its stake in Huntington Ingalls Industries by 3.6% in the 3rd quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company’s stock worth $21,878,000 after purchasing an additional 2,847 shares during the period. Intech Investment Management LLC grew its position in Huntington Ingalls Industries by 88.0% during the 3rd quarter. Intech Investment Management LLC now owns 15,746 shares of the aerospace company’s stock worth $4,163,000 after purchasing an additional 7,372 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in Huntington Ingalls Industries by 17.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 10,983 shares of the aerospace company’s stock worth $2,904,000 after purchasing an additional 1,660 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

HII stock opened at $197.98 on Wednesday. The firm has a 50 day moving average of $237.02 and a two-hundred day moving average of $251.22. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 1.85 and a beta of 0.55. 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 (NYSE:HII) last issued its quarterly earnings data 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). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company posted $3.70 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.73%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Bank of America reduced their price objective on 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. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research note on Thursday, October 10th. TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research report on Friday, November 1st. Finally, The Goldman Sachs Group decreased their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $228.89.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the firm’s 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 owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.72% of the company’s stock.

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.