Today, Lucus Advisors LLC Buys 483 Shares of Huntington Ingalls Industries Inc. (HII)

Today, Lucus Advisors LLC Buys 483 Shares of Huntington Ingalls Industries Inc. (HII)

Lucus Advisors LLC raised its position in shares of Huntington Ingalls Industries Inc. (NYSE:HII) by 23.2% during the third quarter, Holdings Channel reports. The fund owned 2,568 shares of the company’s stock after buying an additional 483 shares during the period. Lucus Advisors LLC’s holdings in Huntington Ingalls Industries were worth $394,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Dearborn Partners LLC acquired a new position in shares of Huntington Ingalls Industries during the second quarter worth about $213,000. James Investment Research Inc. boosted its position in shares of Huntington Ingalls Industries by 266.1% in the second quarter. James Investment Research Inc. now owns 92,854 shares of the company’s stock worth $15,602,000 after buying an additional 67,489 shares during the last quarter. Barometer Capital Management Inc. boosted its position in shares of Huntington Ingalls Industries by 50.9% in the second quarter. Barometer Capital Management Inc. now owns 48,000 shares of the company’s stock worth $8,065,000 after buying an additional 16,200 shares during the last quarter. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Huntington Ingalls Industries during the second quarter worth about $205,000. Finally, Capstone Asset Management Co. boosted its position in shares of Huntington Ingalls Industries by 8.5% in the second quarter. Capstone Asset Management Co. now owns 2,420 shares of the company’s stock worth $407,000 after buying an additional 190 shares during the last quarter. 90.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Huntington Ingalls Industries Inc. (NYSE:HII) traded down 1.291% during trading on Monday, hitting $178.465. 229,295 shares of the stock were exchanged. The stock has a market cap of $8.27 billion, a P/E ratio of 19.865 and a beta of 1.15. The firm’s 50 day moving average price is $162.82 and its 200-day moving average price is $162.69. Huntington Ingalls Industries Inc. has a 52 week low of $118.20 and a 52 week high of $181.15.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, November 3rd. The company reported $2.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.40 by $0.13. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. Huntington Ingalls Industries had a return on equity of 29.26% and a net margin of 6.04%. Huntington Ingalls Industries’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.98 earnings per share. On average, analysts predict that Huntington Ingalls Industries Inc. will post $10.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 25th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.33%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, November 22nd. Huntington Ingalls Industries’s dividend payout ratio is currently 26.67%.

A number of equities analysts have issued reports on the stock. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Huntington Ingalls Industries in a research note on Monday, November 14th. Zacks Investment Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Citigroup Inc. lifted their price target on shares of Huntington Ingalls Industries from $180.00 to $191.00 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Finally, Cowen and Company cut shares of Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $185.00 to $165.00 in a research report on Tuesday, September 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $159.00.

In related news, VP Christopher D. Kastner sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $165.90, for a total transaction of $331,800.00. Following the completion of the transaction, the vice president now directly owns 39,581 shares in the company, valued at approximately $6,566,487.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jerri F. Dickseski sold 625 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $153.25, for a total transaction of $95,781.25. Following the transaction, the vice president now owns 34,045 shares of the company’s stock, valued at $5,217,396.25. The disclosure for this sale can be found here. Corporate insiders own 2.76% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.

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