Archer Investment Corp Acquires New Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Archer Investment Corp purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,000 shares of the aerospace company’s stock, valued at approximately $756,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HII. Prairie Wealth Advisors Inc. increased its stake in Huntington Ingalls Industries by 61.4% in the 4th quarter. Prairie Wealth Advisors Inc. now owns 1,524 shares of the aerospace company’s stock worth $288,000 after acquiring an additional 580 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Huntington Ingalls Industries by 2.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,747 shares of the aerospace company’s stock worth $708,000 after purchasing an additional 87 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Huntington Ingalls Industries by 2.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 99,747 shares of the aerospace company’s stock worth $18,849,000 after purchasing an additional 2,291 shares during the last quarter. Oakworth Capital Inc. lifted its position in Huntington Ingalls Industries by 1.3% during the fourth quarter. Oakworth Capital Inc. now owns 6,621 shares of the aerospace company’s stock valued at $1,251,000 after purchasing an additional 87 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Huntington Ingalls Industries by 221.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,370 shares of the aerospace company’s stock valued at $1,784,000 after purchasing an additional 6,457 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on HII. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a research report on Friday, November 1st. Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. The Goldman Sachs Group cut their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Finally, 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 report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average price target of $228.89.

Huntington Ingalls Industries Stock Down 18.2 %

Shares of NYSE:HII opened at $159.98 on Friday. The stock’s 50-day moving average is $193.45 and its 200 day moving average is $230.27. The company has a market cap of $6.26 billion, a PE ratio of 9.03, a P/E/G ratio of 1.77 and a beta of 0.57. 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 1 year low of $158.88 and a 1 year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.09 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 30.49%.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by corporate insiders.

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.