D.A. Davidson & CO. Acquires 3,723 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

D.A. Davidson & CO. grew its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 394.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,668 shares of the aerospace company’s stock after acquiring an additional 3,723 shares during the period. D.A. Davidson & CO.’s holdings in Huntington Ingalls Industries were worth $882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Truvestments Capital LLC bought a new position in Huntington Ingalls Industries in the 3rd quarter worth $42,000. True Wealth Design LLC bought a new position in Huntington Ingalls Industries in the 3rd quarter worth $60,000. Wingate Wealth Advisors Inc. bought a new position in Huntington Ingalls Industries in the 4th quarter worth $48,000. Capital Performance Advisors LLP bought a new position in Huntington Ingalls Industries in the 3rd quarter worth $68,000. Finally, Transamerica Financial Advisors Inc. bought a new position in Huntington Ingalls Industries in the 3rd quarter worth $70,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.8 %

Shares of NYSE HII opened at $168.98 on Tuesday. The firm’s 50-day moving average price is $187.49 and its 200-day moving average price is $221.37. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 1.15 and a beta of 0.57. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its 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 anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is 38.68%.

Insider Activity

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This trade represents a 36.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HII shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. The Goldman Sachs Group dropped their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research note on Friday, November 1st. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Friday, November 1st. Finally, StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries Company 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.