SRS Capital Advisors Inc. Grows Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

SRS Capital Advisors Inc. grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 156.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 482 shares of the aerospace company’s stock after buying an additional 294 shares during the period. SRS Capital Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $91,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at approximately $42,000. True Wealth Design LLC purchased a new position in Huntington Ingalls Industries during the third quarter valued at approximately $60,000. Wingate Wealth Advisors Inc. bought a new position in shares of Huntington Ingalls Industries in the fourth quarter worth approximately $48,000. Capital Performance Advisors LLP purchased a new stake in shares of Huntington Ingalls Industries in the third quarter worth $68,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at $70,000. Institutional investors own 90.46% of the company’s stock.

Insider Activity

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on 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 transaction, the director now directly owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on HII. The Goldman Sachs Group dropped their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Bank of America dropped their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Finally, Barclays decreased 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 note on Monday, February 10th. Two equities 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 MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $221.22.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $193.76 on Friday. The stock’s 50-day moving average is $185.42 and its 200 day moving average is $217.34. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $294.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The company has a market cap of $7.58 billion, a P/E ratio of 13.88, a PEG ratio of 1.15 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates 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 predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is presently 38.68%.

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.