ClearAlpha Technologies LP Invests $258,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

ClearAlpha Technologies LP purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 975 shares of the aerospace company’s stock, valued at approximately $258,000.

Other large investors also recently bought and sold shares of the company. Atria Investments Inc purchased a new position in shares of Huntington Ingalls Industries during the first quarter valued at approximately $1,708,000. Cetera Investment Advisers raised its stake in Huntington Ingalls Industries by 168.2% during the first quarter. Cetera Investment Advisers now owns 12,392 shares of the aerospace company’s stock valued at $3,612,000 after buying an additional 7,771 shares during the last quarter. Cetera Advisors LLC boosted its holdings in Huntington Ingalls Industries by 17.9% in the first quarter. Cetera Advisors LLC now owns 2,375 shares of the aerospace company’s stock worth $692,000 after acquiring an additional 361 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Huntington Ingalls Industries by 6.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,205 shares of the aerospace company’s stock worth $615,000 after acquiring an additional 131 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Huntington Ingalls Industries by 16.4% during the second quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 45 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Ingalls Industries

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 completion of the sale, the vice president now owns 19,627 shares of the company’s stock, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Down 1.6 %

NYSE:HII opened at $194.84 on Tuesday. The company has a 50 day simple moving average of $231.51 and a two-hundred day simple moving average of $249.71. The company has a market cap of $7.62 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 12 month low of $184.29 and a 12 month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 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 during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm earned $3.70 EPS. The business’s revenue was down 2.4% on a year-over-year basis. Research analysts forecast that Huntington Ingalls Industries, Inc. will post 14.51 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.77%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HII shares. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Friday, November 1st. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price target for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Bank of America decreased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target 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.