Cetera Investment Advisers Has $6.09 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Cetera Investment Advisers raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 59.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,229 shares of the aerospace company’s stock after acquiring an additional 11,980 shares during the quarter. Cetera Investment Advisers owned approximately 0.08% of Huntington Ingalls Industries worth $6,090,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 131 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth about $48,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth about $70,000. SRS Capital Advisors Inc. lifted its stake in shares of Huntington Ingalls Industries by 156.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock worth $91,000 after buying an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Huntington Ingalls Industries by 37.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock worth $101,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $225.91 on Wednesday. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The company has a 50-day simple moving average of $211.04 and a two-hundred day simple moving average of $198.36. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the company earned $3.87 EPS. The business’s revenue was down 2.5% on a year-over-year basis. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries’s dividend payout ratio is currently 38.90%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $164.82 per share, with a total value of $349,418.40. Following the acquisition, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. This represents a 36.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the transaction, the director now directly owns 17,485 shares in the company, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,010 shares of company stock valued at $899,510 in the last ninety days. 0.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HII. Barclays raised their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. The Goldman Sachs Group raised their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $238.44.

About 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.