Vanguard Group Inc. Purchases 14,988 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Vanguard Group Inc. lifted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,029,322 shares of the aerospace company’s stock after acquiring an additional 14,988 shares during the period. Vanguard Group Inc. owned about 0.13% of Huntington Ingalls Industries worth $950,391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at about $48,000. Bruce G. Allen Investments LLC grew its stake in shares of Huntington Ingalls Industries by 43.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 85 shares during the period. True Wealth Design LLC purchased a new stake in Huntington Ingalls Industries in the 3rd quarter worth approximately $60,000. Finally, Brooklyn Investment Group bought a new stake in Huntington Ingalls Industries during the 3rd quarter worth approximately $83,000. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $205.22 on Friday. The business’s 50-day moving average is $188.48 and its 200 day moving average is $208.97. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $291.97. The company has a market capitalization of $8.05 billion, a P/E ratio of 14.70, a P/E/G ratio of 1.15 and a beta of 0.49. 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 issued its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.63%. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Insider Transactions at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the transaction, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research note on Monday, February 10th. Barclays cut their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $221.22.

Huntington Ingalls Industries Company 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.