Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Holdings Increased by Old North State Wealth Management LLC

Old North State Wealth Management LLC increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 22.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,379 shares of the aerospace company’s stock after buying an additional 2,589 shares during the quarter. Huntington Ingalls Industries comprises approximately 1.5% of Old North State Wealth Management LLC’s holdings, making the stock its 23rd largest position. Old North State Wealth Management LLC’s holdings in Huntington Ingalls Industries were worth $2,722,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton raised its stake in shares of Huntington Ingalls Industries by 8.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock worth $139,000 after purchasing an additional 40 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Huntington Ingalls Industries by 1.4% during the third quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock worth $939,000 after buying an additional 48 shares in the last quarter. Inscription Capital LLC increased its stake in Huntington Ingalls Industries by 4.4% in the third quarter. Inscription Capital LLC now owns 1,310 shares of the aerospace company’s stock valued at $346,000 after acquiring an additional 55 shares during the period. GAMMA Investing LLC raised its holdings in shares of Huntington Ingalls Industries by 17.8% in the 3rd quarter. GAMMA Investing LLC now owns 377 shares of the aerospace company’s stock worth $100,000 after buying an additional 57 shares in the last quarter. Finally, Capital Insight Partners LLC raised its stake in Huntington Ingalls Industries by 3.5% during the third quarter. Capital Insight Partners LLC now owns 1,907 shares of the aerospace company’s stock worth $504,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

HII has been the topic of a number of recent analyst reports. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research note on Friday, November 1st. 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 note on Thursday, October 10th. Bank of America decreased their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a report on Friday, November 1st. Finally, Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Trading Down 0.4 %

Shares of HII stock opened at $195.77 on Wednesday. The company has a market cap of $7.66 billion, a P/E ratio of 11.05, a PEG ratio of 1.77 and a beta of 0.57. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The stock has a 50 day simple moving average of $194.31 and a two-hundred day simple moving average of $231.00.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 11th. The shares were 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 directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries 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.