Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,748 shares of the aerospace company’s stock after purchasing an additional 561 shares during the period. Victory Capital Management Inc. owned 0.08% of Huntington Ingalls Industries worth $7,865,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HII. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Huntington Ingalls Industries during the second quarter worth about $26,000. Kathleen S. Wright Associates Inc. purchased a new stake in Huntington Ingalls Industries in the third quarter valued at approximately $29,000. Family Firm Inc. acquired a new position in Huntington Ingalls Industries during the second quarter worth approximately $35,000. Rothschild Investment LLC acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at $37,000. Finally, ORG Partners LLC grew its stake in shares of Huntington Ingalls Industries by 484.6% during the 2nd quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock valued at $38,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on HII shares. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research note on Friday, November 1st. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Barclays reduced their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a research report on Thursday, October 10th. Finally, Bank of America reduced their target price on shares of 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $228.89.

Insider Buying and Selling

In related news, VP D R. Wyatt sold 400 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $194.99 on Friday. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.78 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a one year low of $184.29 and a one year high of $299.50. The company’s 50-day simple moving average is $239.59 and its 200-day simple moving average is $251.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the business posted $3.70 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 2.77%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 30.49%.

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.