EverSource Wealth Advisors LLC Buys 131 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

EverSource Wealth Advisors LLC boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 503.8% in the fourth quarter, HoldingsChannel reports. The firm owned 157 shares of the aerospace company’s stock after acquiring an additional 131 shares during the period. EverSource Wealth Advisors LLC’s holdings in Huntington Ingalls Industries were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new stake in shares of Huntington Ingalls Industries in the third quarter worth $42,000. True Wealth Design LLC purchased a new position in Huntington Ingalls Industries in the third quarter worth about $60,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at about $48,000. Transamerica Financial Advisors Inc. bought a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $70,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of Huntington Ingalls Industries by 43.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after buying an additional 85 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday, February 10th. Barclays lowered their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $221.22.

Insider Activity

In other news, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This represents a 20.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas C. Schievelbein purchased 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, for a total transaction 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. The trade was a 36.26 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Down 2.8 %

Shares of HII opened at $201.61 on Friday. The business’s 50 day moving average is $187.66 and its 200 day moving average is $211.85. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $294.81. The company has a market capitalization of $7.91 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data 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%. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 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.