Capital Investment Counsel Inc Purchases 10,949 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Capital Investment Counsel Inc increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 144.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,518 shares of the aerospace company’s stock after purchasing an additional 10,949 shares during the quarter. Capital Investment Counsel Inc’s holdings in Huntington Ingalls Industries were worth $3,499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its position in Huntington Ingalls Industries by 5.6% in the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after purchasing an additional 187,411 shares during the period. Van ECK Associates Corp lifted its position in Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after purchasing an additional 863,800 shares during the period. Geode Capital Management LLC lifted its position in Huntington Ingalls Industries by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock worth $268,520,000 after purchasing an additional 5,036 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Huntington Ingalls Industries by 36.0% in 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 worth $85,614,000 after purchasing an additional 85,698 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings 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 during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $178.13 on Friday. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $299.50. The firm has a market cap of $6.97 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.09 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The business has a fifty day moving average of $188.51 and a 200-day moving average of $223.04.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 14.1 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 3.03%. Huntington Ingalls Industries’s payout ratio is 38.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Bank of America cut 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. Barclays cut their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Friday, November 1st. Alembic Global Advisors cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a report on Friday, November 1st. Finally, The Goldman Sachs Group cut their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average target price of $221.22.

Insider Buying and Selling

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.

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.