Hantz Financial Services Inc. Increases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Hantz Financial Services Inc. increased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 11,475.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 32,643 shares of the aerospace company's stock after purchasing an additional 32,361 shares during the period. Hantz Financial Services Inc. owned 0.08% of Huntington Ingalls Industries worth $6,169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stifel Financial Corp raised its holdings in shares of Huntington Ingalls Industries by 36.6% in the 3rd quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company's stock valued at $6,181,000 after acquiring an additional 6,253 shares in the last quarter. CWM LLC grew its stake in Huntington Ingalls Industries by 142.8% in the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company's stock worth $1,388,000 after buying an additional 3,088 shares in the last quarter. O Keefe Stevens Advisory Inc. increased its holdings in shares of Huntington Ingalls Industries by 63.0% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock worth $655,000 after buying an additional 1,339 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Huntington Ingalls Industries by 45.3% during the 3rd 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 during the last quarter. Finally, Old North State Wealth Management LLC grew its position in Huntington Ingalls Industries by 60.6% in the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company's stock worth $3,122,000 after acquiring an additional 4,450 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com cut Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Bank of America reduced their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a research report 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 for the company. in a report 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 target price on the stock. in a report on Friday, November 1st. Finally, Wolfe Research downgraded shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $228.89.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now owns 19,627 shares of the company's stock, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries Trading Down 0.0 %

Shares of NYSE HII traded down $0.03 during midday trading on Thursday, hitting $192.87. 153,692 shares of the company traded hands, compared to its average volume of 435,270. Huntington Ingalls Industries, Inc. has a 12-month low of $184.29 and a 12-month high of $299.50. The firm has a market cap of $7.55 billion, a P/E ratio of 10.90, a P/E/G ratio of 1.85 and a beta of 0.56. The stock has a 50-day moving average price of $194.43 and a 200 day moving average price of $233.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.70 earnings per share. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 14 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. Investors of record on Friday, February 28th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.80%. Huntington Ingalls Industries's payout ratio is currently 30.49%.

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.