State of Alaska Department of Revenue Has $843,000 Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

State of Alaska Department of Revenue cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,463 shares of the aerospace company’s stock after selling 90 shares during the quarter. State of Alaska Department of Revenue’s holdings in Huntington Ingalls Industries were worth $843,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp raised its stake in shares of Huntington Ingalls Industries by 36.6% in the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock valued at $6,181,000 after purchasing an additional 6,253 shares in the last quarter. CWM LLC raised its stake in shares of Huntington Ingalls Industries by 142.8% in the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock valued at $1,388,000 after purchasing an additional 3,088 shares in the last quarter. O Keefe Stevens Advisory Inc. raised its stake in shares of Huntington Ingalls Industries by 63.0% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock valued at $655,000 after purchasing an additional 1,339 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 in the last quarter. Finally, Old North State Wealth Management LLC raised its stake in shares of Huntington Ingalls Industries by 60.6% in the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock valued at $3,122,000 after purchasing an additional 4,450 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of recent research reports. Bank of America cut their target price 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. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on 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. Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research note on Friday, November 1st. Finally, The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note on Monday. 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. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average price target of $221.22.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $161.10 on Friday. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $299.50. The firm has a market cap of $6.30 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.08. The business has a fifty day moving average of $190.71 and a 200-day moving average of $226.66.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 15.14 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is 38.68%.

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.