Avantax Advisory Services Inc. Raises Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Avantax Advisory Services Inc. lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 47.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,865 shares of the aerospace company’s stock after purchasing an additional 2,546 shares during the period. Avantax Advisory Services Inc.’s holdings in Huntington Ingalls Industries were worth $1,486,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in shares of Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $42,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $48,000. Bruce G. Allen Investments LLC increased its stake in shares of 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 worth $53,000 after purchasing an additional 85 shares in the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $60,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Nicolas G. Schuck sold 750 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the topic of a number of analyst reports. Barclays decreased their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group decreased their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries Stock Up 0.6 %

Shares of HII opened at $208.42 on Wednesday. The firm has a market cap of $8.18 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. The company’s fifty day moving average is $187.06 and its two-hundred day moving average is $211.96. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $294.81. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly 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%. Analysts forecast 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 announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is presently 38.68%.

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.