Naples Global Advisors LLC Increases Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Naples Global Advisors LLC grew its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,882 shares of the aerospace company’s stock after purchasing an additional 834 shares during the period. Naples Global Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,490,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Van ECK Associates Corp increased its stake in 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 worth $455,222,000 after buying an additional 863,800 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at $36,191,000. FMR LLC boosted its holdings 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 valued at $930,383,000 after purchasing an additional 187,411 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in Huntington Ingalls Industries during the 3rd quarter worth about $47,698,000. Finally, JPMorgan Chase & Co. raised its position in Huntington Ingalls Industries by 45.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock valued at $80,886,000 after purchasing an additional 95,324 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 1.5 %

HII stock opened at $161.10 on Friday. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $299.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 0.73. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The company has a fifty day moving average price of $190.71 and a 200 day moving average price of $226.66.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 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%. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 15.14 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.68%.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of recent research reports. Bank of America decreased 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 note on Wednesday, November 13th. 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 research report on Friday, November 1st. Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group reduced their price objective 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. Two 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 data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus price target of $221.22.

About Huntington Ingalls Industries

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.