FormulaFolio Investments LLC purchased a new position in Huntington Ingalls Industries Inc (NYSE:HII) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,735 shares of the aerospace company’s stock, valued at approximately $444,000.

Other hedge funds have also bought and sold shares of the company. First Command Financial Services Inc. bought a new position in Huntington Ingalls Industries in the 2nd quarter worth approximately $101,000. Piedmont Investment Advisors LLC bought a new position in Huntington Ingalls Industries in the 2nd quarter worth approximately $110,000. Ayalon Holdings Ltd. bought a new position in Huntington Ingalls Industries in the 3rd quarter worth approximately $110,000. Welch Group LLC bought a new position in Huntington Ingalls Industries in the 3rd quarter worth approximately $110,000. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $117,000. Institutional investors and hedge funds own 86.33% of the company’s stock.

In related news, VP Jerri F. Dickseski sold 271 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $257.84, for a total transaction of $69,874.64. Following the sale, the vice president now owns 34,750 shares in the company, valued at approximately $8,959,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.32% of the company’s stock.

Several brokerages have recently issued reports on HII. Sanford C. Bernstein decreased their price objective on Huntington Ingalls Industries from $246.00 to $223.00 in a report on Monday, November 12th. Drexel Hamilton reaffirmed a “buy” rating and set a $265.00 price objective on shares of Huntington Ingalls Industries in a report on Wednesday, November 14th. Bank of America decreased their price objective on Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, November 9th. Seaport Global Securities began coverage on Huntington Ingalls Industries in a report on Thursday, August 23rd. They set a “neutral” rating and a $260.00 price objective on the stock. Finally, Cowen reaffirmed a “buy” rating and set a $250.00 price objective on shares of Huntington Ingalls Industries in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $259.31.

Shares of HII opened at $209.71 on Wednesday. The company has a market cap of $9.10 billion, a PE ratio of 12.26, a PEG ratio of 0.79 and a beta of 1.13. Huntington Ingalls Industries Inc has a 1 year low of $201.91 and a 1 year high of $276.69. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.03 and a current ratio of 1.14.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, November 8th. The aerospace company reported $5.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.14 by $1.15. Huntington Ingalls Industries had a return on equity of 43.71% and a net margin of 8.63%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the prior year, the firm earned $3.27 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts forecast that Huntington Ingalls Industries Inc will post 17.84 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. Huntington Ingalls Industries’s dividend payout ratio is presently 23.72%.

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Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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