Ieq Capital LLC Purchases 5,788 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Ieq Capital LLC raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 132.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,164 shares of the aerospace company’s stock after buying an additional 5,788 shares during the quarter. Ieq Capital LLC’s holdings in Huntington Ingalls Industries were worth $1,921,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Private Advisor Group LLC raised its holdings in Huntington Ingalls Industries by 20.7% during the 4th quarter. Private Advisor Group LLC now owns 8,092 shares of the aerospace company’s stock valued at $1,529,000 after buying an additional 1,387 shares during the period. Northcape Wealth Management LLC purchased a new stake in Huntington Ingalls Industries in the fourth quarter worth $3,642,000. Venturi Wealth Management LLC lifted its position in shares of Huntington Ingalls Industries by 51.9% during the fourth quarter. Venturi Wealth Management LLC now owns 825 shares of the aerospace company’s stock worth $156,000 after purchasing an additional 282 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Huntington Ingalls Industries by 394.0% during the fourth quarter. D.A. Davidson & CO. now owns 4,668 shares of the aerospace company’s stock worth $882,000 after purchasing an additional 3,723 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in shares of Huntington Ingalls Industries by 2.0% during the fourth quarter. Truist Financial Corp now owns 9,334 shares of the aerospace company’s stock valued at $1,764,000 after purchasing an additional 179 shares during the period. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 4.2 %

NYSE:HII opened at $170.44 on Monday. The company has a market capitalization of $6.67 billion, a P/E ratio of 12.21, a PEG ratio of 1.15 and a beta of 0.57. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $299.50. The firm has a fifty day simple moving average of $188.08 and a 200-day simple moving average of $221.98.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. On average, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HII. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a report on Friday, November 1st. Bank of America lowered their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. The Goldman Sachs Group reduced their price objective 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 downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research 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 assigned a buy rating to the company. According to MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $221.22.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.

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.