Valeo Financial Advisors LLC Buys New Shares in Huntington Ingalls Industries, Inc. (NYSE:HII)

Valeo Financial Advisors LLC bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,152 shares of the aerospace company's stock, valued at approximately $407,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC increased its stake in shares of Huntington Ingalls Industries by 5.6% during the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company's stock valued at $930,383,000 after purchasing an additional 187,411 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock valued at $455,222,000 after acquiring an additional 863,800 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Huntington Ingalls Industries by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company's stock valued at $268,520,000 after acquiring an additional 5,036 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Huntington Ingalls Industries by 36.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 323,829 shares of the aerospace company's stock valued at $85,614,000 after acquiring an additional 85,698 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Huntington Ingalls Industries by 45.3% during the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company's stock valued at $80,886,000 after acquiring an additional 95,324 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Performance

HII stock traded down $7.45 on Friday, hitting $170.44. The company had a trading volume of 830,158 shares, compared to its average volume of 659,369. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $299.50. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The stock's 50-day simple moving average is $188.08 and its 200 day simple moving average is $222.44. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.12 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend yield of 3.17%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio is presently 38.68%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein purchased 2,120 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now directly owns 7,967 shares of the company's stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HII shares. StockNews.com downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Barclays reduced their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price target for the company. in a research report on Friday, November 1st. The Goldman Sachs Group reduced their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a research report on Monday, February 10th. Finally, TD Cowen downgraded shares of 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. 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 an average rating of "Hold" and a consensus target price of $221.22.

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.