Harvest Investment Advisors LLC Grows Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Harvest Investment Advisors LLC boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,960 shares of the aerospace company’s stock after acquiring an additional 85 shares during the quarter. Huntington Ingalls Industries accounts for 1.3% of Harvest Investment Advisors LLC’s portfolio, making the stock its 24th biggest holding. Harvest Investment Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,840,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HII. Kathleen S. Wright Associates Inc. bought a new position in Huntington Ingalls Industries in the third quarter worth approximately $29,000. Family Firm Inc. bought a new position in Huntington Ingalls Industries in the 2nd quarter worth $35,000. Rothschild Investment LLC purchased a new position in Huntington Ingalls Industries during the second quarter valued at $37,000. ORG Partners LLC grew its holdings in Huntington Ingalls Industries by 484.6% during the second quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 126 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in Huntington Ingalls Industries in the third quarter worth about $40,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $187.95 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50. The stock has a 50 day moving average of $224.52 and a 200 day moving average of $247.46. The firm has a market cap of $7.35 billion, a PE ratio of 10.61, a PEG ratio of 1.82 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share 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 business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the business posted $3.70 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 14.07 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.87%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HII. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $280.00 to $285.00 in a report on Monday, September 9th. Barclays dropped their target price on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Bank of America decreased their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating 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 issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $228.89.

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.