Impact Partnership Wealth LLC Purchases New Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Impact Partnership Wealth LLC acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,302 shares of the aerospace company’s stock, valued at approximately $246,000.

Several other large investors have also modified their holdings of the business. Van ECK Associates Corp lifted its holdings in Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after buying an additional 863,800 shares in the last quarter. FMR LLC increased its position in shares of Huntington Ingalls Industries by 5.6% during the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after acquiring an additional 187,411 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $47,698,000. JPMorgan Chase & Co. boosted its holdings in shares of Huntington Ingalls Industries by 45.3% in the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock valued at $80,886,000 after purchasing an additional 95,324 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Huntington Ingalls Industries by 36.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 323,829 shares of the aerospace company’s stock worth $85,614,000 after purchasing an additional 85,698 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.8 %

Shares of NYSE:HII opened at $202.60 on Friday. The firm has a market capitalization of $7.93 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.85 and a beta of 0.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The business’s 50-day moving average is $194.16 and its 200 day moving average is $234.29. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50.

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). 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 during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the business earned $3.70 EPS. The business’s revenue was down 2.4% on a year-over-year basis. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 14 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.67%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. Huntington Ingalls Industries’s payout ratio is presently 30.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HII shares. Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered 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 note on Friday, November 1st. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group cut their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $228.89.

Insider Activity

In other 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.