Stifel Financial Corp Purchases 6,253 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Stifel Financial Corp grew its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 36.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,329 shares of the aerospace company's stock after buying an additional 6,253 shares during the period. Stifel Financial Corp owned 0.06% of Huntington Ingalls Industries worth $6,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Kathleen S. Wright Associates Inc. acquired a new stake in Huntington Ingalls Industries during the 3rd quarter worth $29,000. Family Firm Inc. acquired a new stake in shares of Huntington Ingalls Industries in the second quarter valued at about $35,000. Rothschild Investment LLC acquired a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $37,000. ORG Partners LLC grew its holdings in Huntington Ingalls Industries by 484.6% in the second quarter. ORG Partners LLC now owns 152 shares of the aerospace company's stock valued at $38,000 after purchasing an additional 126 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in Huntington Ingalls Industries during the third quarter worth about $40,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Activity

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the business's stock in a transaction on 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 approximately $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Up 0.7 %

Shares of NYSE HII traded up $1.29 during trading hours on Friday, hitting $192.14. The stock had a trading volume of 523,695 shares, compared to its average volume of 355,266. The company has a market capitalization of $7.52 billion, a P/E ratio of 10.85, a P/E/G ratio of 1.86 and a beta of 0.55. The firm's 50-day moving average price is $217.57 and its two-hundred day moving average price is $245.37. 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, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50.

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 analysts' consensus estimates 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 business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the business posted $3.70 EPS. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. Analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Huntington Ingalls Industries's previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.81%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 30.49%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HII shares. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and raised their price objective for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Barclays dropped their price objective on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Wolfe Research lowered shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of "Hold" and an average target price of $228.89.

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.