Avantax Advisory Services Inc. Buys 2,546 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Avantax Advisory Services Inc. raised its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 47.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in HII. Yousif Capital Management LLC increased its stake in shares of Huntington Ingalls Industries by 1.6% in the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company's stock valued at $610,000 after acquiring an additional 52 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Huntington Ingalls Industries by 0.6% in the 3rd quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company's stock valued at $3,004,000 after acquiring an additional 71 shares during the last quarter. 1834 Investment Advisors Co. increased its stake in shares of Huntington Ingalls Industries by 3.9% in the 4th quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company's stock valued at $365,000 after acquiring an additional 73 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Huntington Ingalls Industries by 1.5% in the 4th quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company's stock valued at $989,000 after acquiring an additional 75 shares during the last quarter. Finally, Voya Financial Advisors Inc. increased its stake in Huntington Ingalls Industries by 2.9% during the 3rd quarter. Voya Financial Advisors Inc. now owns 2,800 shares of the aerospace company's stock worth $737,000 after purchasing an additional 79 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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Huntington Ingalls Industries Stock Down 0.1 %

Shares of HII traded down $0.25 during mid-day trading on Friday, hitting $201.46. 1,446,109 shares of the company's stock were exchanged, compared to its average volume of 464,350. The company has a market cap of $7.90 billion, a PE ratio of 14.43, a P/E/G ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $294.79. The company has a 50-day simple moving average of $187.89 and a 200 day simple moving average of $211.29. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued 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 return on equity of 12.81% and a net margin of 4.77%. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, February 28th. Huntington Ingalls Industries's payout ratio is presently 38.68%.

Insider Activity

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the acquisition, the director now owns 7,967 shares in the company, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the sale, the chief accounting officer now directly owns 2,884 shares of the company's stock, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HII has been the subject of a number of research reports. Barclays lowered their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group lowered their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a research note on Monday, February 10th. 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.com, the stock has an average rating of "Hold" and a consensus price target of $221.22.

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.