CIBC Asset Management Inc Buys 715 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

CIBC Asset Management Inc increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,468 shares of the aerospace company’s stock after purchasing an additional 715 shares during the period. CIBC Asset Management Inc’s holdings in Huntington Ingalls Industries were worth $1,222,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of HII. Van ECK Associates Corp increased its position in shares of Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after purchasing an additional 863,800 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Huntington Ingalls Industries in the fourth quarter worth $36,191,000. FMR LLC increased its position in shares of Huntington Ingalls Industries by 5.6% in the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after purchasing an additional 187,411 shares during the period. Diamond Hill Capital Management Inc. bought a new position in shares of Huntington Ingalls Industries in the third quarter worth $47,698,000. Finally, JPMorgan Chase & Co. increased its position in shares of Huntington Ingalls Industries by 45.3% in the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after purchasing an additional 95,324 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares of the company’s stock, valued at $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $170.44 on Friday. The business’s 50-day moving average price is $188.08 and its 200-day moving average price is $222.20. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $299.50. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.15 and a beta of 0.57. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.17%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective 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. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research note on Friday, November 1st. Barclays reduced their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Finally, The Goldman Sachs Group reduced their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $221.22.

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.