Kestra Private Wealth Services LLC Has $1.99 Million Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Kestra Private Wealth Services LLC increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,545 shares of the aerospace company’s stock after purchasing an additional 264 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Huntington Ingalls Industries were worth $1,993,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of Huntington Ingalls Industries by 17.8% during the 3rd quarter. GAMMA Investing LLC now owns 377 shares of the aerospace company’s stock worth $100,000 after acquiring an additional 57 shares in the last quarter. CWM LLC lifted its position in shares of Huntington Ingalls Industries by 142.8% during the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after purchasing an additional 3,088 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Huntington Ingalls Industries by 25.6% during the 3rd quarter. Ritholtz Wealth Management now owns 4,120 shares of the aerospace company’s stock worth $1,089,000 after purchasing an additional 840 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth about $102,000. Finally, CX Institutional lifted its position in shares of Huntington Ingalls Industries by 4.6% during the 3rd quarter. CX Institutional now owns 3,182 shares of the aerospace company’s stock worth $841,000 after purchasing an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.2 %

Shares of HII opened at $167.95 on Wednesday. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.08. The business’s fifty day moving average price is $191.86 and its two-hundred day moving average price is $227.57. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly 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, analysts predict that Huntington Ingalls Industries, Inc. will post 15.14 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.68%.

Wall Street Analyst Weigh In

Several research firms have commented on HII. Alembic Global Advisors cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target for the company. in a report on Friday, November 1st. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barclays decreased their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research report on Friday, November 1st. Finally, Bank of America decreased their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Two equities research 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’s stock. According to MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $221.22.

Huntington Ingalls Industries 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.