Cerity Partners LLC Boosts Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Cerity Partners LLC increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 193.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,442 shares of the aerospace company's stock after acquiring an additional 6,883 shares during the quarter. Cerity Partners LLC's holdings in Huntington Ingalls Industries were worth $2,761,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth $26,000. Kathleen S. Wright Associates Inc. purchased a new stake in Huntington Ingalls Industries during the third quarter worth about $29,000. Family Firm Inc. bought a new stake in Huntington Ingalls Industries in the second quarter worth about $35,000. Rothschild Investment LLC purchased a new position in Huntington Ingalls Industries in the second quarter valued at about $37,000. Finally, ORG Partners LLC grew its position in shares of Huntington Ingalls Industries by 484.6% during the 2nd quarter. ORG Partners LLC now owns 152 shares of the aerospace company's stock valued at $38,000 after acquiring an additional 126 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

HII stock traded down $0.10 during mid-day trading on Friday, reaching $197.92. 271,719 shares of the company traded hands, compared to its average volume of 627,752. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50. The company has a market capitalization of $7.74 billion, a P/E ratio of 11.18, a P/E/G ratio of 1.85 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The company has a fifty day moving average price of $231.51 and a 200-day moving average price of $249.72.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.87 billion. During the same period in the prior year, the firm posted $3.70 EPS. Huntington Ingalls Industries's revenue was down 2.4% on a year-over-year basis. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.51 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Huntington Ingalls Industries's previous quarterly dividend of $1.30. Huntington Ingalls Industries's dividend payout ratio (DPR) is 29.36%.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HII. StockNews.com cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. 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 research note on Friday, November 1st. Barclays cut their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, Wolfe Research downgraded shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $228.89.

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.