Intech Investment Management LLC Has $3.74 Million Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Intech Investment Management LLC increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 25.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,800 shares of the aerospace company’s stock after acquiring an additional 4,054 shares during the period. Intech Investment Management LLC’s holdings in Huntington Ingalls Industries were worth $3,742,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after buying an additional 131 shares during the last quarter. Truvestments Capital LLC acquired a new position in Huntington Ingalls Industries in the third quarter worth approximately $42,000. Wingate Wealth Advisors Inc. acquired a new position in Huntington Ingalls Industries in the fourth quarter worth approximately $48,000. Bruce G. Allen Investments LLC increased its holdings in Huntington Ingalls Industries by 43.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after buying an additional 85 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in Huntington Ingalls Industries in the third quarter worth approximately $60,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.5 %

Shares of HII stock opened at $207.47 on Thursday. The stock has a market cap of $8.14 billion, a P/E ratio of 14.86, a price-to-earnings-growth 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 stock has a fifty day moving average price of $187.42 and a 200 day moving average price of $211.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 6th. The aerospace company reported $3.15 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%. Analysts predict 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 announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.60%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.68%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HII has been the topic of a number of research reports. The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. Barclays lowered their price objective on shares of 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries 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.