Ieq Capital LLC Purchases 5,788 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Ieq Capital LLC increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 132.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,164 shares of the aerospace company's stock after purchasing an additional 5,788 shares during the quarter. Ieq Capital LLC's holdings in Huntington Ingalls Industries were worth $1,921,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HII. Truvestments Capital LLC acquired a new position in shares of Huntington Ingalls Industries during the third quarter worth about $42,000. True Wealth Design LLC bought a new stake in Huntington Ingalls Industries in the 3rd quarter valued at approximately $60,000. Wingate Wealth Advisors Inc. bought a new stake in Huntington Ingalls Industries in the 4th quarter valued at approximately $48,000. Capital Performance Advisors LLP acquired a new position in Huntington Ingalls Industries during the 3rd quarter worth approximately $68,000. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $70,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on HII. Deutsche Bank Aktiengesellschaft cut their price objective on shares of 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. StockNews.com downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Bank of America decreased their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a report on Wednesday, November 13th. TD Cowen cut Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price target for the company. in a research report on Friday, November 1st. Finally, The Goldman Sachs Group lowered their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $221.22.

Insider Transactions at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein purchased 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, the director now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock traded down $1.31 on Monday, hitting $168.98. The stock had a trading volume of 820,629 shares, compared to its average volume of 663,978. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $299.50. The business's 50 day moving average is $188.08 and its two-hundred day moving average is $221.98.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts' consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.20%. Huntington Ingalls Industries's payout ratio is presently 38.68%.

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.