4,000 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Purchased by Archer Investment Corp

Archer Investment Corp bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,000 shares of the aerospace company's stock, valued at approximately $756,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HII. FMR LLC grew its stake in shares of Huntington Ingalls Industries by 5.6% during the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company's stock worth $930,383,000 after purchasing an additional 187,411 shares during the period. Van ECK Associates Corp grew its stake in shares of Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock worth $455,222,000 after purchasing an additional 863,800 shares during the period. Geode Capital Management LLC grew its stake in shares of Huntington Ingalls Industries by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company's stock worth $268,520,000 after purchasing an additional 5,036 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Huntington Ingalls Industries by 36.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 323,829 shares of the aerospace company's stock worth $85,614,000 after acquiring an additional 85,698 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Huntington Ingalls Industries by 45.3% during the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company's stock worth $80,886,000 after acquiring an additional 95,324 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. The Goldman Sachs Group reduced their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a report on Monday. TD Cowen lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 target price on the stock. in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Bank of America reduced their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a report on Wednesday, November 13th. Finally, StockNews.com lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $221.22.

Huntington Ingalls Industries Stock Down 0.8 %

HII traded down $1.41 on Tuesday, hitting $166.86. 271,709 shares of the company were exchanged, compared to its average volume of 581,816. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $299.50. The company has a market cap of $6.53 billion, a PE ratio of 11.95, a PEG ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.08. The stock's fifty day moving average is $192.33 and its 200-day moving average is $228.33.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 15.14 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 3.24%. Huntington Ingalls Industries's payout ratio is presently 38.68%.

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.