Empowered Funds LLC Takes Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Empowered Funds LLC acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,290 shares of the aerospace company’s stock, valued at approximately $1,189,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Stifel Financial Corp boosted its holdings in Huntington Ingalls Industries by 36.6% during the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock valued at $6,181,000 after acquiring an additional 6,253 shares during the period. O Keefe Stevens Advisory Inc. lifted its position in shares of Huntington Ingalls Industries by 63.0% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock worth $655,000 after purchasing an additional 1,339 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Huntington Ingalls Industries by 45.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after purchasing an additional 95,324 shares during the last quarter. Old North State Wealth Management LLC boosted its stake in Huntington Ingalls Industries by 60.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock valued at $3,122,000 after purchasing an additional 4,450 shares during the period. Finally, Citigroup Inc. grew its holdings in Huntington Ingalls Industries by 3.6% in the 3rd quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company’s stock valued at $21,878,000 after buying an additional 2,847 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of the stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the purchase, the director now owns 7,967 shares in the company, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Up 0.4 %

NYSE HII opened at $161.50 on Monday. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $299.50. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.43 and a beta of 0.57. The stock’s 50 day moving average is $190.18 and its two-hundred day moving average is $225.10. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last announced 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%. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 15.14 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HII shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st. TD Cowen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a report on Friday, November 1st. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a report on Friday, November 1st. Bank of America reduced their target price 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. Finally, The Goldman Sachs Group lowered their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus target price of $221.22.

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.