Live Oak Private Wealth LLC Invests $293,000 in Huntington Ingalls Industries, Inc. $HII

Live Oak Private Wealth LLC bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the second quarter, HoldingsChannel reports. The fund bought 1,213 shares of the aerospace company’s stock, valued at approximately $293,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its position in shares of Huntington Ingalls Industries by 110.6% during the 2nd quarter. Assetmark Inc. now owns 22,995 shares of the aerospace company’s stock valued at $5,552,000 after purchasing an additional 12,074 shares during the last quarter. Arkadios Wealth Advisors bought a new position in Huntington Ingalls Industries during the second quarter valued at approximately $481,000. Markel Group Inc. grew its holdings in shares of Huntington Ingalls Industries by 13.9% during the 2nd quarter. Markel Group Inc. now owns 20,500 shares of the aerospace company’s stock valued at $4,950,000 after purchasing an additional 2,500 shares during the last quarter. New York Life Investment Management LLC grew its holdings in shares of Huntington Ingalls Industries by 2.0% during the 2nd quarter. New York Life Investment Management LLC now owns 5,266 shares of the aerospace company’s stock valued at $1,272,000 after purchasing an additional 103 shares during the last quarter. Finally, Trust Investment Advisors bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at $214,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

HII stock opened at $298.34 on Thursday. The stock has a market capitalization of $11.71 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.71 and a beta of 0.38. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $309.00. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The stock’s 50 day simple moving average is $279.68 and its 200 day simple moving average is $254.41.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.63. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.38 EPS. As a group, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, November 28th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio is currently 40.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Bank of America raised their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 13th. Wall Street Zen cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Barclays boosted their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and boosted their target price for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus target price of $262.67.

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.