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

Archer Investment Corp purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,000 shares of the aerospace company’s stock, valued at approximately $756,000.

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

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the business’s 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 sale, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $159.98 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The stock has a market cap of $6.26 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 1.77 and a beta of 0.57. The stock’s fifty day simple moving average is $193.45 and its two-hundred day simple moving average is $230.27. 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 issued its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. As a group, analysts forecast that Huntington Ingalls Industries, Inc. will post 14.09 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

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

Analyst Ratings Changes

A number of research firms have commented on HII. Barclays reduced 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 report on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a report on Friday, November 1st. The Goldman Sachs Group reduced their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Finally, Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $228.89.

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.