Argent Advisors Inc. Buys New Shares in Huntington Ingalls Industries, Inc. (NYSE:HII)

Argent Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,004 shares of the aerospace company's stock, valued at approximately $1,135,000.

Several other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. boosted its position in shares of Huntington Ingalls Industries by 2,154.9% during the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after buying an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC purchased a new position in Huntington Ingalls Industries during the 4th quarter worth $3,642,000. Stifel Financial Corp grew its stake in shares of Huntington Ingalls Industries by 36.6% in the 3rd 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 in the last quarter. O Keefe Stevens Advisory Inc. raised its holdings in shares of Huntington Ingalls Industries by 63.0% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock valued at $655,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Essential Planning LLC. bought a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at about $2,457,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Activity at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 750 shares of the business'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 transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. The trade was a 20.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas C. Schievelbein acquired 2,120 shares of the 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 transaction, the director now directly owns 7,967 shares of the company's stock, valued at $1,313,120.94. This 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 corporate insiders.

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Analyst Upgrades and Downgrades

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

Huntington Ingalls Industries Stock Performance

NYSE HII traded down $0.25 during trading on Friday, hitting $201.46. 1,446,109 shares of the company's stock traded hands, compared to its average volume of 464,096. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.15 and a beta of 0.49. 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 business has a 50 day moving average of $187.66 and a 200-day moving average of $211.85. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $294.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.68%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 38.68%.

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.