Huntington Ingalls Industries, Inc. (NYSE:HII) Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,018,812 shares of the aerospace company’s stock after acquiring an additional 5,036 shares during the period. Geode Capital Management LLC owned 2.60% of Huntington Ingalls Industries worth $268,520,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. CWM LLC lifted its stake in 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 acquiring an additional 3,088 shares during the last quarter. Old North State Wealth Management LLC raised its holdings in shares of Huntington Ingalls Industries by 60.6% during the 3rd 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. Diamond Hill Capital Management Inc. bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at $47,698,000. Citigroup Inc. lifted its stake in shares of Huntington Ingalls Industries by 3.6% in the 3rd quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company’s stock valued at $21,878,000 after purchasing an additional 2,847 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Huntington Ingalls Industries by 193.4% during the third quarter. Cerity Partners LLC now owns 10,442 shares of the aerospace company’s stock worth $2,761,000 after buying an additional 6,883 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $192.14 on Friday. 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 company has a market cap of $7.52 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.55. The firm has a fifty day moving average price of $217.57 and a two-hundred day moving average price of $245.32. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the business posted $3.70 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Analysts expect that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target 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 downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a report on Friday, November 1st. Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. The Goldman Sachs Group decreased their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $228.89.

Insider Activity at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

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.