Ridgewood Investments LLC Buys 1,186 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Ridgewood Investments LLC raised its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 104.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,321 shares of the aerospace company’s stock after acquiring an additional 1,186 shares during the period. Ridgewood Investments LLC’s holdings in Huntington Ingalls Industries were worth $439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC lifted its stake in Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after acquiring an additional 187,411 shares during the period. Van ECK Associates Corp increased its position in shares of Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after purchasing an additional 863,800 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Huntington Ingalls Industries by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock valued at $268,520,000 after purchasing an additional 5,036 shares during the last quarter. AQR Capital Management LLC increased its position 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 valued at $180,458,000 after purchasing an additional 215,362 shares during the last quarter. Finally, Earnest Partners LLC increased its position in shares of Huntington Ingalls Industries by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock valued at $157,326,000 after purchasing an additional 11,693 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.5 %

Shares of NYSE:HII traded down $0.89 on Friday, hitting $188.77. 110,099 shares of the company’s stock were exchanged, compared to its average volume of 356,254. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. The business’s 50 day simple moving average is $193.62 and its two-hundred day simple moving average is $237.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS 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 analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.70 EPS. Analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.86%. The ex-dividend date was Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s payout ratio is 30.49%.

Wall Street Analyst Weigh In

HII has been the subject of several analyst reports. TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a report on Friday, November 1st. The Goldman Sachs Group lowered their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research report on Friday, November 1st. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a research report on Thursday, October 10th. Finally, Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $228.89.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries 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 completion of the sale, the vice president now owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by insiders.

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.