Wealth Enhancement Advisory Services LLC Has $47.71 Million Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Wealth Enhancement Advisory Services LLC lowered its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 22.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,443 shares of the aerospace company's stock after selling 52,577 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.46% of Huntington Ingalls Industries worth $47,705,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp boosted its position in Huntington Ingalls Industries by 16.1% during the second quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company's stock worth $225,247,000 after purchasing an additional 126,654 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company's stock worth $180,458,000 after buying an additional 215,362 shares during the period. Earnest Partners LLC grew its stake in Huntington Ingalls Industries by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company's stock valued at $157,326,000 after buying an additional 11,693 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Huntington Ingalls Industries by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company's stock worth $128,443,000 after acquiring an additional 40,942 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Huntington Ingalls Industries by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company's stock worth $123,771,000 after acquiring an additional 13,439 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Performance

Shares of HII stock traded down $0.87 during mid-day trading on Friday, reaching $253.83. The stock had a trading volume of 274,148 shares, compared to its average volume of 252,254. The firm has a market cap of $9.96 billion, a PE ratio of 13.47, a P/E/G ratio of 2.25 and a beta of 0.52. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a one year low of $213.02 and a one year high of $299.50. The firm's 50 day simple moving average is $265.23 and its 200 day simple moving average is $260.45.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, topping the consensus estimate of $3.61 by $0.77. The firm had revenue of $2.98 billion during the quarter, compared to analysts' expectations of $2.84 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. Huntington Ingalls Industries's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $3.27 earnings per share. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post 16.49 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $1.30 dividend. The ex-dividend date was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 2.05%. Huntington Ingalls Industries's payout ratio is currently 27.59%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wolfe Research lowered Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Vertical Research cut Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 price objective for the company. in a research report on Thursday, October 10th. Finally, StockNews.com cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $290.00.

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.