Arizona State Retirement System Boosts Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Arizona State Retirement System grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,391 shares of the aerospace company’s stock after acquiring an additional 93 shares during the period. Arizona State Retirement System’s holdings in Huntington Ingalls Industries were worth $2,153,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Yousif Capital Management LLC lifted its position in shares of Huntington Ingalls Industries by 1.6% during the fourth quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock worth $610,000 after acquiring an additional 52 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Huntington Ingalls Industries by 0.6% during the third quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company’s stock worth $3,004,000 after acquiring an additional 71 shares in the last quarter. 1834 Investment Advisors Co. lifted its position in shares of Huntington Ingalls Industries by 3.9% during the fourth quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company’s stock worth $365,000 after acquiring an additional 73 shares in the last quarter. Axxcess Wealth Management LLC raised its position in shares of Huntington Ingalls Industries by 4.9% in the third quarter. Axxcess Wealth Management LLC now owns 1,584 shares of the aerospace company’s stock worth $419,000 after buying an additional 74 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of Huntington Ingalls Industries by 1.5% in the fourth quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company’s stock worth $989,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity

In related news, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. This represents a 20.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. The trade was 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.

Huntington Ingalls Industries Stock Up 0.7 %

HII opened at $197.34 on Tuesday. The stock has a market cap of $7.74 billion, a PE ratio of 14.14, a P/E/G ratio of 1.15 and a beta of 0.49. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $294.81. The business’s fifty day simple moving average is $185.77 and its 200 day simple moving average is $215.33.

Huntington Ingalls Industries (NYSE:HII) last released its 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%. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 annualized dividend and a yield of 2.74%. Huntington Ingalls Industries’s payout ratio is currently 38.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HII shares. Bank of America lowered their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Barclays lowered 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 report on Monday, February 10th. Finally, The Goldman Sachs Group lowered their price objective on 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.