Fiduciary Family Office LLC Has $583,000 Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Fiduciary Family Office LLC trimmed its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,204 shares of the aerospace company’s stock after selling 356 shares during the quarter. Fiduciary Family Office LLC’s holdings in Huntington Ingalls Industries were worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. CWM LLC lifted its holdings in shares of 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 buying an additional 3,088 shares during the last quarter. SteelPeak Wealth LLC bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at approximately $1,769,000. SG Americas Securities LLC raised 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 valued at $11,208,000 after acquiring an additional 34,792 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Huntington Ingalls Industries by 30.5% in the 1st 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, Old North State Wealth Management LLC raised its stake in shares of Huntington Ingalls Industries by 60.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock valued at $3,122,000 after acquiring an additional 4,450 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HII. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research note on Friday, November 1st. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a research note on Thursday, October 10th. TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research note 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. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $233.13.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $193.24 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $258.90 and its two-hundred day moving average is $258.22. The company has a market cap of $7.56 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.65 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.70 earnings per share. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 16.49 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.79%. Huntington Ingalls Industries’s payout ratio is currently 29.36%.

About Huntington Ingalls Industries

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.