Allstate Corp Invests $237,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

Allstate Corp purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,254 shares of the aerospace company's stock, valued at approximately $237,000.

Several other institutional investors have also bought and sold shares of the company. Public Sector Pension Investment Board raised its stake in shares of Huntington Ingalls Industries by 13.1% in the third quarter. Public Sector Pension Investment Board now owns 1,723 shares of the aerospace company's stock valued at $456,000 after buying an additional 200 shares during the period. Captrust Financial Advisors increased its holdings in Huntington Ingalls Industries by 15.7% in the 3rd quarter. Captrust Financial Advisors now owns 6,027 shares of the aerospace company's stock worth $1,593,000 after acquiring an additional 817 shares during the last quarter. Holocene Advisors LP raised its stake in Huntington Ingalls Industries by 104.3% in the 3rd quarter. Holocene Advisors LP now owns 27,981 shares of the aerospace company's stock valued at $7,398,000 after acquiring an additional 14,288 shares during the period. Janus Henderson Group PLC lifted its holdings in Huntington Ingalls Industries by 3.5% during the third quarter. Janus Henderson Group PLC now owns 6,069 shares of the aerospace company's stock valued at $1,604,000 after purchasing an additional 207 shares during the last quarter. Finally, IHT Wealth Management LLC purchased a new stake in Huntington Ingalls Industries during the third quarter valued at about $248,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

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Insider Transactions at Huntington Ingalls Industries

In other 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 value of $142,170.00. Following the completion of the sale, the chief accounting officer now owns 2,884 shares of the company's stock, valued at approximately $546,691.04. This represents a 20.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the business's stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the transaction, 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. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of HII stock traded down $4.50 on Monday, reaching $180.45. The company's stock had a trading volume of 232,801 shares, compared to its average volume of 490,484. The company has a market capitalization of $7.08 billion, a P/E ratio of 12.95, a PEG ratio of 1.15 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $287.56. The stock's 50 day simple moving average is $187.92 and its 200-day simple moving average is $205.98. 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 (NYSE:HII - Get Free Report) last released 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 net margin of 4.77% and a return on equity of 12.81%. As a group, equities analysts predict 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 declared 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 was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.99%. Huntington Ingalls Industries's dividend payout ratio is presently 38.68%.

Wall Street Analysts Forecast Growth

HII has been the topic of several research reports. Barclays lowered their price target 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. The Goldman Sachs Group lowered 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 report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $221.22.

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.