Cypress Wealth Services LLC Has $214,000 Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Cypress Wealth Services LLC reduced its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 46.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,131 shares of the aerospace company’s stock after selling 994 shares during the quarter. Cypress Wealth Services LLC’s holdings in Huntington Ingalls Industries were worth $214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stifel Financial Corp grew its holdings in Huntington Ingalls Industries by 36.6% during 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 during the period. CWM LLC boosted its position in shares of Huntington Ingalls Industries by 142.8% during the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after purchasing an additional 3,088 shares in the last quarter. Old North State Wealth Management LLC grew its holdings in shares of Huntington Ingalls Industries by 60.6% in 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 buying an additional 4,450 shares during the period. JPMorgan Chase & Co. raised its stake in Huntington Ingalls Industries by 45.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after buying an additional 95,324 shares during the period. Finally, Citigroup Inc. lifted its holdings in Huntington Ingalls Industries by 3.6% during the third quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company’s stock worth $21,878,000 after acquiring an additional 2,847 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Up 0.8 %

Huntington Ingalls Industries stock opened at $202.58 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 firm has a 50-day moving average of $193.77 and a 200-day moving average of $235.70. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 1.71 and a beta of 0.56. Huntington Ingalls Industries, Inc. has a one year low of $184.29 and a one year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates 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 prior year, the business earned $3.70 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 14.05 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $1.35 per share. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is 30.49%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Bank of America lowered their price target on 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. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Barclays dropped their price objective on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, The Goldman Sachs Group reduced their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $228.89.

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.