Generali Asset Management SPA SGR Buys New Shares in Huntington Ingalls Industries, Inc. (NYSE:HII)

Generali Asset Management SPA SGR acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,882 shares of the aerospace company's stock, valued at approximately $2,056,000.

Several other institutional investors have also recently made changes to their positions in HII. Assetmark Inc. boosted its holdings in Huntington Ingalls Industries by 2,154.9% in the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after purchasing an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth about $3,642,000. Stifel Financial Corp grew its holdings in Huntington Ingalls Industries by 36.6% during the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company's stock worth $6,181,000 after acquiring an additional 6,253 shares during the period. O Keefe Stevens Advisory Inc. raised its position in Huntington Ingalls Industries by 63.0% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock valued at $655,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Essential Planning LLC. acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $2,457,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HII shares. Barclays cut their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. The Goldman Sachs Group cut their price target on 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $221.22.

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Huntington Ingalls Industries Stock Performance

Shares of HII stock traded up $4.71 during mid-day trading on Monday, hitting $206.18. 525,532 shares of the stock were exchanged, compared to its average volume of 465,585. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $294.24. 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 stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.15 and a beta of 0.49. The stock's fifty day simple moving average is $187.89 and its two-hundred day simple moving average is $210.39.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly 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 net margin of 4.77% and a return on equity of 12.81%. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced 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 of this dividend was Friday, February 28th. This represents a $5.40 annualized dividend and a dividend yield of 2.62%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 38.68%.

Insider Activity

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the business's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was acquired 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 represents a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company's stock.

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.