Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,208 shares of the aerospace company’s stock after purchasing an additional 392 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Huntington Ingalls Industries were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HII. Assetmark Inc. raised its holdings in shares of Huntington Ingalls Industries by 316.9% in the 3rd quarter. Assetmark Inc. now owns 346 shares of the aerospace company’s stock valued at $91,000 after purchasing an additional 263 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Huntington Ingalls Industries by 16.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,097 shares of the aerospace company’s stock valued at $290,000 after purchasing an additional 152 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Huntington Ingalls Industries by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 97,456 shares of the aerospace company’s stock valued at $25,765,000 after purchasing an additional 2,149 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 1.9% in the 3rd quarter. Victory Capital Management Inc. now owns 29,748 shares of the aerospace company’s stock valued at $7,865,000 after purchasing an additional 561 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Huntington Ingalls Industries by 7.8% in the 3rd quarter. CIBC Asset Management Inc now owns 5,753 shares of the aerospace company’s stock valued at $1,521,000 after purchasing an additional 414 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HII has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday, February 10th. Barclays dropped their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $221.22.

Insider Transactions at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the purchase, 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. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Up 0.4 %

NYSE HII opened at $196.34 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The firm has a market cap of $7.70 billion, a PE ratio of 14.06, a P/E/G ratio of 1.15 and a beta of 0.49. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $294.81. The firm’s fifty day moving average is $186.27 and its two-hundred day moving average is $213.48.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data 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%. Analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.75%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

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.