Transamerica Financial Advisors Inc. Acquires New Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Transamerica Financial Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 264 shares of the aerospace company’s stock, valued at approximately $70,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HII. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Huntington Ingalls Industries in the second quarter valued at approximately $26,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Huntington Ingalls Industries in the third quarter valued at approximately $29,000. Family Firm Inc. acquired a new position in shares of Huntington Ingalls Industries in the second quarter valued at approximately $35,000. Rothschild Investment LLC acquired a new position in shares of Huntington Ingalls Industries in the second quarter valued at approximately $37,000. Finally, ORG Partners LLC boosted its holdings in shares of Huntington Ingalls Industries by 484.6% in the second quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock valued at $38,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HII shares. Bank of America reduced their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, Barclays reduced their target price 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries presently 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 stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $199.33 on Thursday. 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 firm’s fifty day moving average price is $235.67 and its two-hundred day moving average price is $250.84. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50. The firm has a market capitalization of $7.80 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly 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). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the company posted $3.70 earnings per share. The business’s revenue was down 2.4% compared to the same quarter last year. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.63 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business 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 $1.35 dividend. The ex-dividend date is Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 2.71%. Huntington Ingalls Industries’s dividend payout ratio is presently 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.