Nelson Van Denburg & Campbell Wealth Management Group LLC Buys 91 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

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Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 42.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 303 shares of the aerospace company’s stock after acquiring an additional 91 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Huntington Ingalls Industries were worth $58,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HII. Bank of America Corp DE increased its holdings in Huntington Ingalls Industries by 32.7% during the 2nd quarter. Bank of America Corp DE now owns 833,456 shares of the aerospace company’s stock worth $175,652,000 after acquiring an additional 205,244 shares during the period. BlackRock Inc. boosted its stake in shares of Huntington Ingalls Industries by 4.3% in the 2nd quarter. BlackRock Inc. now owns 4,579,510 shares of the aerospace company’s stock valued at $965,133,000 after purchasing an additional 188,347 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Huntington Ingalls Industries by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,608,513 shares of the aerospace company’s stock valued at $971,243,000 after purchasing an additional 180,474 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Huntington Ingalls Industries by 3,940.5% in the 2nd quarter. American Century Companies Inc. now owns 156,043 shares of the aerospace company’s stock valued at $32,886,000 after purchasing an additional 152,181 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Huntington Ingalls Industries by 128.7% during the 2nd quarter. Wells Fargo & Company MN now owns 268,428 shares of the aerospace company’s stock valued at $56,571,000 after buying an additional 151,044 shares during the period. 85.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of Huntington Ingalls Industries stock opened at $182.21 on Friday. The company has a market capitalization of $7.30 billion, a P/E ratio of 10.92 and a beta of 1.02. The company has a fifty day moving average of $191.38 and a 200 day moving average of $199.97. Huntington Ingalls Industries, Inc. has a fifty-two week low of $156.36 and a fifty-two week high of $224.13. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.08 and a current ratio of 1.14.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, November 4th. The aerospace company reported $3.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.13 by $0.52. Huntington Ingalls Industries had a net margin of 7.01% and a return on equity of 29.50%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the business earned $5.45 earnings per share. Huntington Ingalls Industries’s quarterly revenue was down .6% on a year-over-year basis. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.69 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 10th. Shareholders of record on Friday, November 26th were paid a $1.18 dividend. This represents a $4.72 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Wednesday, November 24th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.14. Huntington Ingalls Industries’s dividend payout ratio is presently 28.30%.

HII has been the subject of several research reports. Barclays decreased their price objective on shares of Huntington Ingalls Industries from $230.00 to $212.00 and set an “equal weight” rating for the company in a report on Monday, November 8th. Bank of America downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $240.00 to $215.00 in a research note on Thursday, November 11th. Finally, Wolfe Research started coverage on shares of Huntington Ingalls Industries in a report on Wednesday, December 15th. They issued an “outperform” rating and a $225.00 price objective for the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus price target of $207.33.

In other news, VP Jennifer R. Boykin sold 275 shares of the stock in a transaction on Monday, December 6th. The shares were sold at an average price of $185.29, for a total transaction of $50,954.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.54% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants. The Newport News segment designs, builds, and maintains nuclear-powered ships which include aircraft carriers and submarines.

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