Creative Financial Designs Inc. ADV Buys 3,332 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Creative Financial Designs Inc. ADV grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3,621.7% during the third quarter, Holdings Channel reports. The firm owned 3,424 shares of the aerospace company’s stock after purchasing an additional 3,332 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Huntington Ingalls Industries were worth $905,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CWM LLC lifted its stake in Huntington Ingalls Industries by 142.8% during the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock valued at $1,388,000 after acquiring an additional 3,088 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $1,769,000. SG Americas Securities LLC boosted its stake in shares of Huntington Ingalls Industries by 950.1% in the 1st quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock worth $11,208,000 after buying an additional 34,792 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Huntington Ingalls Industries by 30.5% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,805 shares of the aerospace company’s stock valued at $14,517,000 after acquiring an additional 11,647 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $1,821,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the topic of several research analyst reports. StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a report on Friday. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a report on Thursday, October 10th. JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $241.88.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $189.23 on Friday. The firm’s 50 day moving average is $260.62 and its 200 day moving average is $258.96. The stock has a market capitalization of $7.42 billion, a P/E ratio of 10.04, a PEG ratio of 2.19 and a beta of 0.52. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last posted its 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 company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The company’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.70 EPS. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.49 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s payout ratio is presently 27.59%.

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.