Truist Financial Corp Acquires 179 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Truist Financial Corp raised its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,334 shares of the aerospace company’s stock after purchasing an additional 179 shares during the quarter. Truist Financial Corp’s holdings in Huntington Ingalls Industries were worth $1,764,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Truvestments Capital LLC purchased a new position in Huntington Ingalls Industries in the 3rd quarter worth about $42,000. Wingate Wealth Advisors Inc. purchased a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $48,000. Bruce G. Allen Investments LLC grew its stake in Huntington Ingalls Industries by 43.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 85 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Huntington Ingalls Industries during the third quarter worth approximately $60,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $68,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $174.33 on Friday. The company has a market capitalization of $6.82 billion, a PE ratio of 12.49, a P/E/G ratio of 1.15 and a beta of 0.57. The company has a 50-day simple moving average of $186.45 and a two-hundred day simple moving average of $220.12. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $299.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $1.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.10%. Huntington Ingalls Industries’s payout ratio is 38.68%.

Insider Buying and Selling

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This trade represents a 36.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research report on Friday, November 1st. Bank of America cut their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. Barclays lowered their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Finally, StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.