Cetera Investment Advisers Buys 11,980 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Cetera Investment Advisers lifted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 59.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,229 shares of the aerospace company’s stock after purchasing an additional 11,980 shares during the quarter. Cetera Investment Advisers’ holdings in Huntington Ingalls Industries were worth $6,090,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HII. EverSource Wealth Advisors LLC grew its holdings in Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 131 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in Huntington Ingalls Industries during the 4th quarter worth approximately $48,000. Canada Post Corp Registered Pension Plan bought a new stake in Huntington Ingalls Industries during the 4th quarter worth approximately $70,000. SRS Capital Advisors Inc. grew its holdings in Huntington Ingalls Industries by 156.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock worth $91,000 after acquiring an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Huntington Ingalls Industries by 37.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 532 shares of the aerospace company’s stock worth $101,000 after acquiring an additional 145 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Down 1.7%

Huntington Ingalls Industries stock opened at $225.91 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The firm’s fifty day moving average is $211.04 and its 200 day moving average is $198.36. The company has a market capitalization of $8.86 billion, a PE ratio of 16.18, a PEG ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the company earned $3.87 EPS. Huntington Ingalls Industries’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.39%. Huntington Ingalls Industries’s payout ratio is 38.90%.

Wall Street Analysts Forecast Growth

HII has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Barclays boosted their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $238.44.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,300 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the transaction, the vice president now owns 9,581 shares in the company, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the transaction, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,010 shares of company stock worth $899,510. Insiders own 0.72% of the company’s stock.

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.