Wipfli Financial Advisors LLC Acquires Shares of 464 Huntington Ingalls Industries, Inc. (NYSE:HII)

Wipfli Financial Advisors LLC acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 464 shares of the aerospace company’s stock, valued at approximately $103,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Koshinski Asset Management Inc. purchased a new stake in Huntington Ingalls Industries in the 3rd quarter valued at about $755,000. Global Trust Asset Management LLC grew its stake in Huntington Ingalls Industries by 3.9% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,317 shares of the aerospace company’s stock valued at $287,000 after buying an additional 50 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Huntington Ingalls Industries by 2.0% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,522 shares of the aerospace company’s stock valued at $549,000 after purchasing an additional 50 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in Huntington Ingalls Industries by 10.5% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 50 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Huntington Ingalls Industries by 15.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 407 shares of the aerospace company’s stock valued at $82,000 after purchasing an additional 53 shares during the period. 86.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on HII. JPMorgan Chase & Co. cut their price target on shares of Huntington Ingalls Industries from $258.00 to $250.00 and set a “neutral” rating for the company in a report on Tuesday, November 15th. TheStreet downgraded shares of Huntington Ingalls Industries from a “b” rating to a “c+” rating in a report on Tuesday, November 29th. Bank of America downgraded shares of Huntington Ingalls Industries from a “neutral” rating to an “underperform” rating and set a $230.00 price target for the company. in a report on Friday, November 11th. StockNews.com raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Barclays raised shares of Huntington Ingalls Industries from an “equal weight” rating to an “overweight” rating and set a $270.00 price objective for the company in a report on Thursday, December 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and an average price target of $253.90.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $223.97 on Wednesday. The stock has a market cap of $8.94 billion, a PE ratio of 15.59 and a beta of 0.62. The company’s fifty day moving average is $231.92 and its 200 day moving average is $229.29. Huntington Ingalls Industries, Inc. has a 52 week low of $177.20 and a 52 week high of $260.02. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.85.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last issued its earnings results on Thursday, November 3rd. The aerospace company reported $3.44 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.09). The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Huntington Ingalls Industries had a return on equity of 19.81% and a net margin of 5.46%. Huntington Ingalls Industries’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.65 EPS. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.69 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Friday, November 25th were given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Wednesday, November 23rd. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.18. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 34.52%.

Huntington Ingalls Industries Profile

(Get Rating)

Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. 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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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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