SRS Capital Advisors Inc. Buys 294 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

SRS Capital Advisors Inc. raised its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 156.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 482 shares of the aerospace company’s stock after acquiring an additional 294 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $91,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. boosted its position in shares of Huntington Ingalls Industries by 1.4% during the third quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock valued at $939,000 after purchasing an additional 48 shares in the last quarter. Yousif Capital Management LLC lifted its position in Huntington Ingalls Industries by 1.6% during the fourth quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock valued at $610,000 after buying an additional 52 shares during the period. MML Investors Services LLC boosted its holdings in shares of Huntington Ingalls Industries by 0.6% during the 3rd quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company’s stock valued at $3,004,000 after buying an additional 71 shares in the last quarter. 1834 Investment Advisors Co. grew its position in shares of Huntington Ingalls Industries by 3.9% in the 4th quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company’s stock worth $365,000 after buying an additional 73 shares during the period. Finally, Axxcess Wealth Management LLC increased its stake in shares of Huntington Ingalls Industries by 4.9% in the 3rd quarter. Axxcess Wealth Management LLC now owns 1,584 shares of the aerospace company’s stock worth $419,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $193.76 on Friday. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $294.81. The stock has a 50-day moving average of $185.42 and a 200 day moving average of $217.34. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.15 and a beta of 0.57.

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

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid 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 2.79%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.68%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now directly owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on HII. The Goldman Sachs Group dropped their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Bank of America dropped their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Finally, Barclays reduced their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Two equities research 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 data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.