Northwest Investment Counselors LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) 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 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.
Read Our Latest Analysis on Huntington Ingalls Industries
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.
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