O Keefe Stevens Advisory Inc. Has $655,000 Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

O Keefe Stevens Advisory Inc. grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 63.0% during the 4th quarter, HoldingsChannel reports. The fund owned 3,465 shares of the aerospace company’s stock after acquiring an additional 1,339 shares during the period. O Keefe Stevens Advisory Inc.’s holdings in Huntington Ingalls Industries were worth $655,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new position in Huntington Ingalls Industries in the 3rd quarter worth about $29,000. Northwest Investment Counselors LLC bought a new position in Huntington Ingalls Industries during the third quarter valued at approximately $40,000. Truvestments Capital LLC acquired a new stake in Huntington Ingalls Industries in the third quarter valued at approximately $42,000. Bruce G. Allen Investments LLC grew its position in Huntington Ingalls Industries by 43.4% in the fourth 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. Finally, True Wealth Design LLC acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth $60,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced 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 note on Friday, November 1st. Finally, Bank of America dropped 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 report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Trading Up 0.8 %

Shares of HII opened at $202.58 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.93 billion, a PE ratio of 11.44, a PEG ratio of 1.71 and a beta of 0.56. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50. The stock has a 50 day simple moving average of $193.77 and a 200-day simple moving average of $235.70.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.70 earnings per share. On average, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 14.05 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s payout ratio is 30.49%.

Insiders Place Their Bets

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.72% of the company’s stock.

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.