Drucker Wealth 3.0 LLC Has $2.65 Million Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Drucker Wealth 3.0 LLC grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,032 shares of the aerospace company’s stock after purchasing an additional 263 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Huntington Ingalls Industries were worth $2,652,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. CWM LLC increased its stake in Huntington Ingalls Industries by 142.8% in the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock valued at $1,388,000 after buying an additional 3,088 shares during the last quarter. SteelPeak Wealth LLC acquired a new stake in shares of Huntington Ingalls Industries in the second quarter valued at about $1,769,000. Old North State Wealth Management LLC raised its holdings in Huntington Ingalls Industries by 60.6% during the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock worth $3,122,000 after acquiring an additional 4,450 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in Huntington Ingalls Industries during the third quarter valued at approximately $47,698,000. Finally, Citigroup Inc. grew its stake in Huntington Ingalls Industries by 3.6% in the third quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company’s stock valued at $21,878,000 after purchasing an additional 2,847 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $187.95 on Monday. The business’s 50 day moving average is $224.52 and its 200-day moving average is $247.46. The firm has a market cap of $7.35 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 1.82 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a 1-year low of $184.29 and a 1-year high of $299.50. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share 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 firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the business posted $3.70 EPS. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 14.07 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared 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 is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries’s payout ratio is 30.49%.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 19,627 shares of the company’s stock, valued at $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HII shares. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research note on Friday, November 1st. Barclays dropped their target price on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on 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. Two 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’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $228.89.

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.