Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC lifted its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,073 shares of the aerospace company’s stock after purchasing an additional 239 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Huntington Ingalls Industries were worth $392,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth $29,000. Northwest Investment Counselors LLC purchased a new position in Huntington Ingalls Industries in the 3rd quarter worth $40,000. Truvestments Capital LLC purchased a new position in Huntington Ingalls Industries in the 3rd quarter worth $42,000. True Wealth Design LLC purchased a new position in Huntington Ingalls Industries in the 3rd quarter worth $60,000. Finally, Capital Performance Advisors LLP purchased a new position in Huntington Ingalls Industries in the 3rd quarter worth $68,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a research report on Thursday, October 10th. Alembic Global Advisors lowered 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 report on Friday, November 1st. Bank of America decreased their price objective 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. Finally, 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 report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Stock Performance

HII opened at $193.10 on Thursday. The firm’s fifty day simple moving average is $194.43 and its two-hundred day simple moving average is $233.13. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 1.85 and a beta of 0.56. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last issued 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 analysts’ expectations of $2.87 billion. During the same period in the prior year, the business posted $3.70 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 14 earnings per share for the current fiscal year.

Insider Activity

In other news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.72% of the company’s stock.

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.