Navellier & Associates Inc. Acquires 801 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Navellier & Associates Inc. grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,942 shares of the aerospace company’s stock after purchasing an additional 801 shares during the period. Navellier & Associates Inc.’s holdings in Huntington Ingalls Industries were worth $3,390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Investment Management Associates Inc. ADV increased its stake in shares of Huntington Ingalls Industries by 45.8% in the 4th quarter. Investment Management Associates Inc. ADV now owns 110,107 shares of the aerospace company’s stock valued at $20,807,000 after purchasing an additional 34,577 shares during the last quarter. Capital Investment Counsel Inc increased its stake in shares of Huntington Ingalls Industries by 144.7% in the 4th quarter. Capital Investment Counsel Inc now owns 18,518 shares of the aerospace company’s stock valued at $3,499,000 after purchasing an additional 10,949 shares during the last quarter. Ieq Capital LLC increased its stake in shares of Huntington Ingalls Industries by 132.3% in the 4th quarter. Ieq Capital LLC now owns 10,164 shares of the aerospace company’s stock valued at $1,921,000 after purchasing an additional 5,788 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Huntington Ingalls Industries by 20.7% in the 4th quarter. Private Advisor Group LLC now owns 8,092 shares of the aerospace company’s stock valued at $1,529,000 after purchasing an additional 1,387 shares during the last quarter. Finally, Northcape Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $3,642,000. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HII shares. TD Cowen lowered 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. Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research report on Friday, November 1st. The Goldman Sachs Group reduced their price objective on 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 reduced their price objective 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. Finally, Bank of America reduced their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $221.22.

Huntington Ingalls Industries Stock Down 4.2 %

Shares of HII opened at $170.44 on Friday. The company has a market capitalization of $6.67 billion, a PE ratio of 12.21, a PEG ratio of 1.12 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. The stock’s 50-day moving average price is $188.08 and its two-hundred day moving average price is $222.44. 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 (NYSE:HII) last announced its earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is presently 38.68%.

Insider Activity

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein acquired 2,120 shares of the company’s stock in a transaction dated 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 purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by company insiders.

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.