B&D White Capital Company LLC Acquires Shares of 1,700 Huntington Ingalls Industries, Inc. (NYSE:HII)

B&D White Capital Company LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,700 shares of the aerospace company’s stock, valued at approximately $321,000.

A number of other institutional investors also recently modified their holdings of HII. Truvestments Capital LLC acquired a new stake in Huntington Ingalls Industries in the 3rd quarter worth about $42,000. True Wealth Design LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $60,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $48,000. Capital Performance Advisors LLP acquired a new stake in Huntington Ingalls Industries during the third quarter worth approximately $68,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Huntington Ingalls Industries during the third quarter worth approximately $70,000. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Down 4.2 %

Shares of Huntington Ingalls Industries stock opened at $170.44 on Monday. The firm’s 50 day moving average is $188.08 and its 200 day moving average is $221.98. The firm has a market capitalization of $6.67 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $299.50. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last posted its 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 return on equity of 12.81% and a net margin of 4.77%. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 3.17%. Huntington Ingalls Industries’s payout ratio is presently 38.68%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HII shares. Bank of America cut their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of 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. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a report on Friday, November 1st. The Goldman Sachs Group dropped their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research report on Monday, February 10th. Finally, TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research report on Friday, November 1st. Two research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries 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.