153 Shares in Huntington Ingalls Industries, Inc. (NYSE:HII) Acquired by Northwest Investment Counselors LLC

Northwest Investment Counselors LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 153 shares of the aerospace company’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Huntington Ingalls Industries during the second quarter valued at approximately $26,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $29,000. Riverview Trust Co acquired a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $30,000. Fidelis Capital Partners LLC acquired a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $31,000. Finally, Larson Financial Group LLC raised its holdings in shares of Huntington Ingalls Industries by 158.5% during the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 65 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Performance

HII stock opened at $257.11 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 2.25 and a beta of 0.52. Huntington Ingalls Industries, Inc. has a 12 month low of $212.58 and a 12 month high of $299.50. The firm has a 50 day moving average of $266.18 and a two-hundred day moving average of $261.16.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, topping the consensus estimate of $3.61 by $0.77. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.27 earnings per share. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.56 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a research report on Thursday, October 10th. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Finally, Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $290.00.

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.