HighTower Advisors LLC Has $4.37 Million Stock Holdings in Huntington Ingalls Industries, Inc. $HII

HighTower Advisors LLC trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 10.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 15,158 shares of the aerospace company’s stock after selling 1,756 shares during the period. HighTower Advisors LLC’s holdings in Huntington Ingalls Industries were worth $4,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in Huntington Ingalls Industries by 40.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 59 shares during the period. Brookstone Capital Management bought a new position in shares of Huntington Ingalls Industries in the second quarter worth about $217,000. Ethic Inc. lifted its position in shares of Huntington Ingalls Industries by 5.7% during the 2nd quarter. Ethic Inc. now owns 1,674 shares of the aerospace company’s stock worth $400,000 after purchasing an additional 90 shares during the last quarter. Forum Financial Management LP bought a new stake in Huntington Ingalls Industries during the 2nd quarter valued at approximately $257,000. Finally, Asset Management One Co. Ltd. boosted its stake in Huntington Ingalls Industries by 13.9% during the 2nd quarter. Asset Management One Co. Ltd. now owns 1,298 shares of the aerospace company’s stock valued at $313,000 after purchasing an additional 158 shares during the period. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on HII shares. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings upgraded shares of Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. JPMorgan Chase & Co. boosted their price objective on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Finally, TD Cowen increased their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $370.38.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $446.85 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. The company has a 50-day moving average of $393.83 and a 200-day moving average of $327.53. Huntington Ingalls Industries, Inc. has a 52 week low of $167.70 and a 52 week high of $449.03. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.79 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.15 earnings per share. As a group, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.