Roman Butler Fullerton & Co. bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,692 shares of the aerospace company's stock, valued at approximately $343,000.
A number of other institutional investors have also added to or reduced their stakes in HII. Northwest Investment Counselors LLC purchased a new position in Huntington Ingalls Industries during the 3rd quarter valued at about $40,000. Truvestments Capital LLC purchased a new position in Huntington Ingalls Industries during the 3rd quarter valued at about $42,000. Wingate Wealth Advisors Inc. purchased a new position in Huntington Ingalls Industries during the 4th quarter valued at about $48,000. Bruce G. Allen Investments LLC increased its position in Huntington Ingalls Industries by 43.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 85 shares during the period. Finally, True Wealth Design LLC purchased a new position in Huntington Ingalls Industries during the 3rd quarter valued at about $60,000. Hedge funds and other institutional investors own 90.46% of the company's stock.
In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein purchased 2,120 shares of Huntington Ingalls Industries stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now owns 7,967 shares of the company's stock, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by insiders.
HII stock opened at $161.50 on Friday. The firm has a 50 day moving average of $190.18 and a 200 day moving average of $225.48. The stock has a market capitalization of $6.32 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $299.50.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts' consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 15.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 yield of 3.34%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio is presently 38.68%.
HII has been the topic of a number of recent analyst reports. Alembic Global Advisors cut 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. TD Cowen cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price target on the stock. in a report on Friday, November 1st. The Goldman Sachs Group lowered their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a report on Monday, February 10th. Bank of America lowered their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Hold" and an average target price of $221.22.
Read Our Latest Stock Report on 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.
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