Navellier & Associates Inc. Has $3.39 Million Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Navellier & Associates Inc. increased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,942 shares of the aerospace company’s stock after buying an additional 801 shares during the quarter. Navellier & Associates Inc.’s holdings in Huntington Ingalls Industries were worth $3,390,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Investment Management Associates Inc. ADV raised its stake in Huntington Ingalls Industries by 45.8% during the 4th quarter. Investment Management Associates Inc. ADV now owns 110,107 shares of the aerospace company’s stock worth $20,807,000 after buying an additional 34,577 shares during the period. Capital Investment Counsel Inc raised its stake in Huntington Ingalls Industries by 144.7% during the 4th quarter. Capital Investment Counsel Inc now owns 18,518 shares of the aerospace company’s stock worth $3,499,000 after buying an additional 10,949 shares during the period. Ieq Capital LLC raised its stake in Huntington Ingalls Industries by 132.3% during the 4th quarter. Ieq Capital LLC now owns 10,164 shares of the aerospace company’s stock worth $1,921,000 after buying an additional 5,788 shares during the period. Private Advisor Group LLC raised its stake in Huntington Ingalls Industries by 20.7% during the 4th quarter. Private Advisor Group LLC now owns 8,092 shares of the aerospace company’s stock worth $1,529,000 after buying an additional 1,387 shares during the period. Finally, Northcape Wealth Management LLC acquired a new position in Huntington Ingalls Industries during the 4th quarter worth approximately $3,642,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on HII. Bank of America dropped their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. TD Cowen lowered 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. Barclays decreased 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. Alembic Global Advisors lowered 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, StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average price target of $221.22.

Huntington Ingalls Industries Stock Performance

HII stock opened at $170.44 on Friday. The firm has a market cap of $6.67 billion, a PE ratio of 12.21, a P/E/G ratio of 1.12 and a beta of 0.57. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average of $188.08 and a 200-day moving average of $222.44. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.35 dividend. 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%.

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.