Pallas Capital Advisors LLC Invests $375,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

Pallas Capital Advisors LLC acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 1,474 shares of the aerospace company’s stock, valued at approximately $375,000.

Several other large investors also recently bought and sold shares of HII. Thurston Springer Miller Herd & Titak Inc. bought a new position in Huntington Ingalls Industries during the 2nd quarter valued at about $26,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Huntington Ingalls Industries during the third quarter valued at approximately $29,000. Fidelis Capital Partners LLC bought a new position in Huntington Ingalls Industries during the first quarter valued at approximately $31,000. Larson Financial Group LLC boosted its holdings in Huntington Ingalls Industries by 158.5% in the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Finally, Evermay Wealth Management LLC bought a new stake in Huntington Ingalls Industries in the 1st quarter worth approximately $31,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HII shares. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a research note on Thursday, October 10th. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price target for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Finally, StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $290.00.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $184.96 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. The business’s fifty day moving average is $262.32 and its 200 day moving average is $259.56. The company has a market capitalization of $7.25 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.77. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.27 EPS. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 16.49 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, November 29th. This represents a $5.40 annualized dividend and a yield of 2.92%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s payout ratio is currently 28.65%.

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.