Patriot Financial Group Insurance Agency LLC Boosts Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Patriot Financial Group Insurance Agency LLC increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,073 shares of the aerospace company’s stock after acquiring an additional 239 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Huntington Ingalls Industries were worth $392,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. purchased a new position in Huntington Ingalls Industries during the third quarter worth about $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $40,000. Truvestments Capital LLC purchased a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at approximately $42,000. Bruce G. Allen Investments LLC lifted its holdings in Huntington Ingalls Industries by 43.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 85 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in Huntington Ingalls Industries in the third quarter worth approximately $60,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on HII shares. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced 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 report on Friday, November 1st. Bank of America dropped their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research note on Friday, November 1st. Finally, The Goldman Sachs Group dropped their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $193.10 on Thursday. The firm has a 50 day moving average of $194.43 and a two-hundred day moving average of $233.13. The stock has a market capitalization of $7.56 billion, a PE ratio of 10.90, a P/E/G ratio of 1.85 and a beta of 0.56. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. 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) last released its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) 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 company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the business posted $3.70 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 14 EPS for the current fiscal year.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by corporate insiders.

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.