Benson Investment Management Company Inc. Makes New $5.19 Million Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Benson Investment Management Company Inc. bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,439 shares of the aerospace company’s stock, valued at approximately $5,185,000. Huntington Ingalls Industries accounts for about 2.2% of Benson Investment Management Company Inc.’s portfolio, making the stock its 20th biggest position. Benson Investment Management Company Inc. owned about 0.07% of Huntington Ingalls Industries at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. purchased a new stake in Huntington Ingalls Industries in the 3rd quarter worth about $29,000. Northwest Investment Counselors LLC bought a new position in shares of Huntington Ingalls Industries during the third quarter valued at approximately $40,000. Truvestments Capital LLC purchased a new stake in shares of Huntington Ingalls Industries in the third quarter worth approximately $42,000. Bruce G. Allen Investments LLC lifted its stake in shares of Huntington Ingalls Industries by 43.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 85 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in Huntington Ingalls Industries during the 3rd quarter valued at $60,000. Institutional investors own 90.46% of the company’s stock.

Insiders Place Their Bets

In other news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now directly owns 19,627 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Up 2.8 %

NYSE HII opened at $195.25 on Tuesday. The firm has a market cap of $7.64 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. 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 company has a 50 day moving average price of $193.73 and a 200 day moving average price of $236.86.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results 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 business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.70 earnings per share. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 30.49%.

Analyst Ratings Changes

A number of research firms have weighed in on HII. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. 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. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research note on Thursday, October 10th. Finally, Barclays decreased 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 note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average price target of $228.89.

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.