Continuum Advisory LLC Has $282,000 Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Continuum Advisory LLC raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 129.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,066 shares of the aerospace company’s stock after purchasing an additional 602 shares during the period. Continuum Advisory LLC’s holdings in Huntington Ingalls Industries were worth $282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HII. Kathleen S. Wright Associates Inc. acquired a new stake in Huntington Ingalls Industries during the third quarter worth about $29,000. Family Firm Inc. bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $35,000. Rothschild Investment LLC acquired a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $37,000. ORG Partners LLC increased its position in shares of Huntington Ingalls Industries by 484.6% during the second quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 126 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Huntington Ingalls Industries in the third quarter valued at $40,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Friday, November 1st. Barclays dropped their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $280.00 to $285.00 in a report on Monday, September 9th. Finally, The Goldman Sachs Group dropped their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $228.89.

Insider Activity

In other news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the transaction, the vice president now owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Trading Down 1.2 %

HII stock opened at $190.96 on Wednesday. The business has a fifty day moving average price of $221.63 and a 200 day moving average price of $246.58. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. Huntington Ingalls Industries, Inc. has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 1.82 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.70 earnings per share. Analysts expect that Huntington Ingalls Industries, Inc. will post 14.07 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced 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. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.83%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

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.