InTrack Investment Management Inc decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) by 8.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 921 shares of the aerospace company’s stock after selling 90 shares during the quarter. InTrack Investment Management Inc’s holdings in Huntington Ingalls Industries were worth $243,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in HII. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Huntington Ingalls Industries during the second quarter worth approximately $26,000. American National Bank acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $30,000. Riverview Trust Co acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $30,000. Fidelis Capital Partners LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $31,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Huntington Ingalls Industries by 158.5% in the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Analyst Ratings Changes
HII has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $280.00 to $285.00 in a report on Monday, September 9th. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday. Finally, Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a report on Thursday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average price target of $290.00.
Huntington Ingalls Industries Price Performance
Huntington Ingalls Industries stock opened at $259.39 on Friday. Huntington Ingalls Industries, Inc. has a 12 month low of $212.58 and a 12 month high of $299.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76. The business has a 50 day simple moving average of $265.79 and a 200-day simple moving average of $262.52. The stock has a market capitalization of $10.23 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, topping the consensus estimate of $3.61 by $0.77. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the business earned $3.27 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 16.56 earnings per share for the current year.
Huntington Ingalls Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.00%. The ex-dividend date was Friday, August 30th. Huntington Ingalls Industries’s payout ratio is 29.31%.
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.
Recommended Stories
- Five stocks we like better than Huntington Ingalls Industries
- What is the NASDAQ Stock Exchange?
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
- Upcoming IPO Stock Lockup Period, Explained
- China’s EV Rally: Should Investors Chase, Avoid, or Buy the Dip?
- Trading Halts Explained
- MarketBeat Week in Review – 10/7 – 10/11
Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report).
Receive News & Ratings for Huntington Ingalls Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries and related companies with MarketBeat.com's FREE daily email newsletter.