Empowered Funds LLC Makes New Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Empowered Funds LLC bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,290 shares of the aerospace company's stock, valued at approximately $1,189,000.

Several other hedge funds have also recently bought and sold shares of HII. Exchange Traded Concepts LLC bought a new stake in Huntington Ingalls Industries during the 3rd quarter worth approximately $102,000. Creative Planning grew its holdings in Huntington Ingalls Industries by 3.1% during the 3rd quarter. Creative Planning now owns 6,099 shares of the aerospace company's stock worth $1,612,000 after acquiring an additional 181 shares during the last quarter. Good Life Advisors LLC bought a new stake in Huntington Ingalls Industries during the 3rd quarter worth approximately $241,000. Global Retirement Partners LLC grew its holdings in Huntington Ingalls Industries by 1,081.0% during the 3rd quarter. Global Retirement Partners LLC now owns 4,169 shares of the aerospace company's stock worth $1,102,000 after acquiring an additional 3,816 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Huntington Ingalls Industries by 1.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,660 shares of the aerospace company's stock worth $968,000 after purchasing an additional 70 shares during the period. 90.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HII has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Bank of America reduced their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a research note on Wednesday, November 13th. TD Cowen lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective on the stock. in a research note on Friday, November 1st. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price objective on the stock. in a research note on Friday, November 1st. Finally, StockNews.com lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Two 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, Huntington Ingalls Industries currently has a consensus rating of "Hold" and an average price target of $221.22.

Huntington Ingalls Industries Stock Up 2.5 %

NYSE HII traded up $4.36 on Thursday, hitting $178.13. 903,757 shares of the company were exchanged, compared to its average volume of 654,187. The company has a market cap of $6.97 billion, a PE ratio of 12.76, a PEG ratio of 1.09 and a beta of 0.57. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $299.50. The stock has a fifty day moving average of $188.77 and a 200-day moving average of $223.35. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued 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%. As a group, analysts forecast that Huntington Ingalls Industries, Inc. will post 14.1 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.68%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries 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.