B&D White Capital Company LLC Purchases Shares of 1,700 Huntington Ingalls Industries, Inc. (NYSE:HII)

B&D White Capital Company LLC acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,700 shares of the aerospace company’s stock, valued at approximately $321,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HII. Creative Planning boosted its position in Huntington Ingalls Industries by 3.1% during the third quarter. Creative Planning now owns 6,099 shares of the aerospace company’s stock valued at $1,612,000 after acquiring an additional 181 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Huntington Ingalls Industries by 10.9% in the 3rd quarter. Raymond James & Associates now owns 57,083 shares of the aerospace company’s stock valued at $15,092,000 after purchasing an additional 5,631 shares during the period. Private Advisor Group LLC boosted its position in shares of Huntington Ingalls Industries by 8.0% during the 3rd quarter. Private Advisor Group LLC now owns 6,705 shares of the aerospace company’s stock valued at $1,773,000 after purchasing an additional 495 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Huntington Ingalls Industries by 22.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,416 shares of the aerospace company’s stock worth $903,000 after purchasing an additional 618 shares during the period. Finally, Ballentine Partners LLC increased its holdings in Huntington Ingalls Industries by 8.4% in the third quarter. Ballentine Partners LLC now owns 2,845 shares of the aerospace company’s stock worth $752,000 after purchasing an additional 220 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HII has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a report on Friday, November 1st. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Friday, November 1st. Finally, Barclays decreased their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $221.22.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $170.44 on Monday. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.15 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $299.50. The firm’s 50-day simple moving average is $188.08 and its 200 day simple moving average is $221.98.

Huntington Ingalls Industries (NYSE:HII) last posted its 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%. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is 38.68%.

Huntington Ingalls Industries 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.