Northcape Wealth Management LLC Makes New $3.64 Million Investment in Huntington Ingalls Industries, Inc. (NYSE:HII)

Northcape Wealth Management LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 19,275 shares of the aerospace company's stock, valued at approximately $3,642,000. Huntington Ingalls Industries comprises approximately 1.2% of Northcape Wealth Management LLC's holdings, making the stock its 27th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp boosted its stake in Huntington Ingalls Industries by 36.6% in the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company's stock valued at $6,181,000 after acquiring an additional 6,253 shares during the last quarter. O Keefe Stevens Advisory Inc. boosted its position in shares of Huntington Ingalls Industries by 63.0% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock worth $655,000 after purchasing an additional 1,339 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Huntington Ingalls Industries by 45.3% during the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company's stock worth $80,886,000 after purchasing an additional 95,324 shares during the period. Old North State Wealth Management LLC increased its holdings in Huntington Ingalls Industries by 60.6% in the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company's stock valued at $3,122,000 after purchasing an additional 4,450 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in Huntington Ingalls Industries by 3.6% in the third quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company's stock valued at $21,878,000 after buying an additional 2,847 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein acquired 2,120 shares of the company's stock in a transaction on 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TD Cowen lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 target price for the company. in a research report on Friday, November 1st. Barclays decreased their price objective 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. StockNews.com cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. The Goldman Sachs Group decreased their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a report on Monday, February 10th. Finally, Bank of America dropped their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a research note on Wednesday, November 13th. Two 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. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of "Hold" and an average price target of $221.22.

Huntington Ingalls Industries Stock Down 4.2 %

Shares of Huntington Ingalls Industries stock traded down $7.45 during trading on Friday, reaching $170.44. The stock had a trading volume of 830,158 shares, compared to its average volume of 659,369. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.12 and a beta of 0.57. The stock has a fifty day moving average price of $188.51 and a two-hundred day moving average price of $223.04. 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, Inc. has a 52 week low of $158.88 and a 52 week high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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%. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries's payout ratio is 38.68%.

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.